Gold Closes Positive...........
It traded down to 579.90 before starting it's climb to 590.80 before closing at 588.20.
It appeared to be a pure technical trade today and whenever the U.S. Dollar ticked lower the Gold and Crude Oil ticked higher. With soft to neutral economic numbers at 7;30 and 9:00 am this morning the Dollar started out weak and got weaker as the day went on. The Gold gained $2.10 for the day putting a couple of positive days together.
The following are my guideline numbers for 9/22 Friday in December Gold...............
resistance # 2.................597.50
resistance # 1.................593.00
pivot ......................................586.50
support # 1 ....................582.50
support # 1 ....................575.50
resistance = possible point to sell market
support = possible point to buy market
pivot = possible point to determine direction
I trade more than just Gold and have guideline numbers for ALL
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