Gold Settles $2.70 Higher Today… ($1388.80)

Today’s Gold session traded a very technical $11.60 range.
While the Holiday’s creep closer the volume continues to decline
as the February Globex volume was only 72,000….
gold traders used the technical support and resistance levels as
their guidelines today as it was a weak economic data day.

We did learn that Fitch is looking at another possible downgrade
for Greece… The European Union remains very fragile…..
We are in Holiday market mode….trade smart !

Silver traded a 55.5 cent range with volume of 38,000 +
and settled 3.9 cents higher ($29.39.4)…..

REPORTS: 12/22…..
GDP………………………………..7:30 am (cst)
EXISTING HOME SALES……9:30 am (cst)

MY SWING NUMBERS FEBRUARY GOLD 11/22
RESISTANCE # 2……………..$1400.00
RESISTANCE # 1……………..$1395.00
PIVOT……………………………$1388.00
SUPPORT # 1………………….$1383.00
SUPPORT # 2………………….$1376.00

MY SWING NUMBERS MARCH SILVER 12/22
RESISTANCE # 2……………..$29.90
RESISTANCE # 1……………..$29.65
PIVOT …………………………..$29.35
SUPPORT # 1………………….$29.10
SUPPORT # 2………………….$28.80

Mike Daly / Gold Specialist
PFG BEST
[email protected]
877-294-4669
312-563-8029