Despite weak Dollar Gold slips lower

Todays trading session started uneventful and moved slightly higher to 632.70 (633.00 my resistance level ) before starting it's negative move and closing at 624.10.
Despite a weak Dollar many traders believe the gold eas following the very negative Crude Oil market (down well over 200 pts. mid-session on).The fact the Dow Jones was very strong certainly didn't help the Gold market. I believe traders are taking profits in reaction to reports of higher production from South African Gold mines.

The following are my guideline numbers for Tuesday 8/29 in December Gold

resistance # 2 ..........................638.00
resistance # 1 ..........................631.00
pivot ........................................626.00
support # 1 ..............................619.00
support # 2 ..............................614.00


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