Bear Trend Continues

With negative pressure on the negative energy markets, better news out of United Nations /Iran negotiations ( rumors swirled that Iran may consider Enrichment suspension ), and Pit traders putting on new short positions and pushing the Gold market lower.
After last week's very bearish 4 day week I believe the professional Gold traders (pit traders) smelt blood in the water and pressed the Gold to the downside cleaning out stop loss orders
and testing technical support levels.

The following are my guideline numbers for 9/12 Tuesday in December Gold...........

resistance # 2...........................640.00
resistance # 1...........................614.00
pivot .........................................602.00
support # 1...........................585.00
support # 2...........................564.00

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

I trade more than just Gold.. I trade the world....
Please feel free to e-mail, comment , call (1-888-282-2770), or open an account.........

Trade Smart.....Mike