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April Gold Daily Numbers & Trade Ideas for 2/2/12
Friday, February 03, 2012

by Howard Tyllas of www.futuresflight.com

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This report was sent to subscribers on 2/1/12 4:50 p.m. Chicago time to be used for trading on 1/2/12.

April Gold

After the close recap on 2/2/12: My pivot acted as resistance and was 1762.60, $1.40 from the actual high, and my pivot acted as support and was 1749.00, $5.60 (but only $1.20 in open outcry) from the actual low.

All charts and numbers for 2/3/12 have already been sent to subscribers at 4.50 pm.

April Gold

1769.70
1762.60
--------------1749.00        Pivot
1735.40
1718.80
1703.00 FG
5 day chart .......       Up from last week same day
Daily chart   .......... Sideways
Weekly chart ........ Sideways
Monthly chart ...... Up         1651.90 is the 200 DMA
ATR 24.90                                Ex. Overbought 93%

For 2/2/12: I still say "Downtrend line is support now, and the daily numbers resists".

In my daily gold numbers on Wednesday; my resistance and was $8.60 from the actual high, my pivot acted as support was $5.40 from the actual low.

Gold: Spot on support and accurate resistance numbers. I want to continue to trade the numbers without bias and risk $6 on any idea using a stop to protect.

Want to know what I think for tomorrow and going forward?

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Howard Tyllas

Put yourself in a position to make money, use the daily numbers service!

Email: dailynumbers@futuresflight.com
http://www.futuresflight.com/

Tel.1-312-573-2699, 1-312-823-9189

Disclaimer: No guarantee of any kind is implied or possible where projections of future conditions are tempted. Futures trading involve risk.In no event should the content of this be construed as an express or implied romise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

Recent articles from this author

June Gold Daily Numbers & Trade Ideas for 5/17/12 - Friday, May 18, 2012
June S & P Daily Numbers & Trade Ideas for 5/17/12 - Thursday, May 17, 2012
June Gold Daily Numbers & Trade Ideas for 5/14/12 - Tuesday, May 15, 2012
WASDE Report 5/10/12 - Thursday, May 10, 2012
May Soybeans Daily Numbers & Trade Ideas for 5/3/12 - Friday, May 04, 2012

About the author

Currently a member of The Chicago Board of Trade (CBOT) and registered with the Commodity Futures Trading Commission (CFTC) as a floor broker and as a Commodity Trading Advisor (CTA) and a member of the National Futures Association (NFA). I started my career in 1973 on The Chicago Mercantile Exchange trading floor working for a major firm. Three years later I purchased my first membership and began what would become a thirteen-year commitment to trading soybeans for my own account on the trading floor. I began trading options on futures since their inception in Chicago about twenty years ago; doing so, I traded in various pits on the trade floor.

One of the major lessons that I have learned from all my years of experience is that knowledge is an important condition for the possibility of successful trading. Knowledge gives you a better chance to succeed by eliminating obvious mistakes: with it, you will never find yourself shamefully uttering, “If I only took the time to learn”.

I want to save you from such regrets by teaching you where the danger is, what it looks like, and how to go around it, while still keeping an eye on your destination of success. In short, I will teach you how to combat error with knowledge.
My mission is to educate you, giving you my 39 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will.

I know what will help you make money, and I know what will insure failure. Use my services and prevent, “If I only knew”.

Howard Tyllas

Futures trading involves the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

If you have a question, or comment, email me dailynumbers@futuresflight.com

Visit my website www.futuresflight.com

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