Gold Settled $27.00 Lower ... ($1657.90)

Today's April Gold Futures traded a very choppy $30.50 range as traders remain skeptical with the economic data as well as the geo-political climate in the middle-east. It appeared that investor and traders used falling Crude oil prices coupled with Chairman Ben Bernanke's lack of a definite commitment to take profits and move money into the stronger U.S Dollar.

Technically the Gold market broke through the $1670.00 support level today and the next support level is around the $1645.00 level. Traders may also be waiting to see the data for tomorrows Initial Jobless Claims and Export Sales reports. Despite reports that a Pentagon official said the United States suspended food aid to North Korea due to planned missile test the gold market could not retain or maintain any rally momentum today.

ECONOMIC DATA: 3/29

Initial Jobless Claims................7:30 am. cst.

Export Sales...........................7:30 am. cst.

MY SWING NUMBERS 3/29

APRIL GOLD

RESISTANCE # 2............$1695.00

RESISTANCE # 1............$1676.00

PIVOT...........................$1665.00

SUPPORT # 1.................$1646.00

SUPPORT # 2.................$1635.00

VOLUME........................170,000

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