Friday profit taking

On Friday 8/4/06 the Gold market opened steady to a bit higher and after the unemployment number caused the Dollar to go negative the December Gold contract rallied $7.00 in 14 minutes
taking the market from $658.00 -$665.00. The maket rallied up to $666.00 before spending the rest of the session drifting lower before breaking them to the session lows on the close.
i believe that profit taking and traders unwilling to take any positions over the weekend.
With so much turmoil in the Middle east traders are very nervous about long term position taking these days. Who can blame them.
The following are my guideline numbers for Monday 8/4/06

resistance # 2 ................670.00
resistance # 1 .................663.00
pivot .................................659.00
support # 1 ......................652.00
support # 2 ......................648.00



pivot = position inthe market that may determine direction.....
resistance = possible opportunitiy to sell the market.....
support = possible opportunity to buy the market .......