Gold Struggles To Stay Over $600.00

In Friday's trading session it turned into a long position profit taking fueled by Fund selling in the Crude Oil. For the most part Gold and Crude Oil run together. Lately the Funds have been getting crushed in the Crude Oil and after a pretty large rally the last few days in both the Gold and Crude Oil I believe the Funds took profits locking the 2 day profit (taking the money)before the weekend and the beginning of the 4th quarter. The Gold went from 605.00 to 600.30 in what seemed like minutes as the Crude Oil broke 80+ points during the same period. If this doesn't teach you to trade with stop/loss orders and stay with your numbers nothing will. My second support number 601.00 was the my salvation today. The Gold market managed to rally very late in the trading session and closed at 604.50. The trading range for the day session.....
Opened ...607.00-606.50.........
Low.....599.50 .........
Closed...604.50........
The following are my guideline numbers for 10/01 Monday for December Gold.............


resistance # 2 ...............612.00
resistance # 1 ...............609.50
pivot ..........................................604.50
support # 1 ...................600.00
support # 2 ...................596.00

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



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