Gold Settles $9.60 Higher… ($1258.30)

Mike Daly | June 18, 2010 | 11:11 am Precious Metals Gold

Today’s Gold market notched another new All-time high reaching the $1263.70 level on the lobex electronic market. The flight to safer havens from the European Union and the overall nsatiable global demand for physical bullion is the catalyst behind this recent gold rally….

The Gold market once again experienced a vast $20.60 range and plenty of volatility and volume making it very viable to trade.

There was not much news or even rumors out of the European Union today…so today’s rally was fueled by the vast amount of interest to own Gold.

MY SWING NUMBERS FOR Monday 6/21….August Gold

RESISTANCE # 2…………$1275.00

RESISTANCE # 1…………$1267.00

PIVOT ……………………….$1255.00

SUPPORT # 1…………….$1246.00

SUPPORT # 2…………….$1235.00

Mike Daly / Gold Specialist

PFG BEST

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