Quiet Friday

Fridays Gold trading session was very tame and stayed within Thursday's trading range.
The market seemed to take a break after a week of nervous tension from news of uncertainty
out of the Middle-east, nuclear threats from Iran and North Korea, and poor home sales numbers.
However news from South Africa that some producers were planning to increase their Gold production in the 4th quarter of this year seemed to calm the market.


The following are my guideline numbers for Monday 8/28 for December Gold......

resistance # 2 ..............................637.00
resistance # 1 ..............................633.00
pivot .............................................630.00
support # 1 ..................................626.50
support # 2 ..................................623.00



resistance = possible opportunity to sell market
support = possible opportunity to buy market
pivot = possible position in the market to determine direction