Bear Friday

Today Gold opened at 625.00 rallied up to it's high 628.80 before doing a 180 degree turn falling to 616.50 before closing at 621.50. The U.S. dollar turning positive after a negative opening and the Crude Oil breaking from 7048 down to 6960 by mid session certainly got the ball rolling.

The best thing the bulls can take away from this week is the price of 750 - 1000 December Calls
were cheaper to buy at the weeks end.....

The following are my guideline numbers for Monday 8/21


resistance # 2..................634.00
resistance # 1..................627.50
pivot ........ .......................622.00
support # 1 ....................615.00
support # 2 ....................610.00



resistance = possible opportunity to sell market
support = possible opportunity to buy market
pivot = possible point in the market to show direction