Gold reacts to Middle-east unrest......

Today's gold trading session had a very uneasy feel all day. Early on the Gold opened around the 635.oo range and with the U.S. Dollar opening on it's lows the Gold traded up to 639.80 and the sessions high of the day. By mid session the U.S. Dollar gained strength , the Crude Oil was tanking , and some profit taking the Gold market dropped $9.00 + before settling only $ 2.00 dollars lower for the day. (633.00)

The late day rally was due to news coming out of the Middle-east.
It appears that region is every bit as explosive today as it was 10 days ago before the truce.
Lebannon is asking the U.S. to help convince Israel lift it's sea and air blockade....Israel will not lift the blockade until international troops are in buffer zone....
Syria's President said "the deployment of international troops along it's border would be taken as a hostile act"......

The following are my guideline numbers for 8/24 December Gold......

resistance # 2 ......................643.50
resistance # 1 ......................638.50
pivot .....................................634.50
support # 1 ..........................629.00
support # 2 ..........................625.50



resistance = possible opportunity to sell market
suppoert = possible opportunity to buy market
pivot = possible point in the market to determine direction