Holiday Market

During a holiday shortened trading session the gold opened at 633.70 and after a very positive unemployment report ( bullish U.S. Dollar ) the gold broke down to 628.00 and closing at 632.50. even with the positive report Gold held it's ground with ever growing concerns with the Unitrd Nations / Iran situation. Since the deadline has passed traders are looking toward a meeting mid next week between U.N. Diplomats and Iran and hopefully a resolution and not sanctions.

The following are my guideline numbers for Tuesday 9/5 for December Gold

resistance # 2 ................................640.00
resistance # 1 ................................636.00
pivot ..............................................632.00
support # 1.....................................628.00
support # 2.....................................624.00

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