Bears Run Wild..........

Today's Gold trading session opened under all my support levels. When that happens more times than not the market seems to continue lower until it find support. The Dollar was strong today but I believe the late profit take yesterday and overnight caused a continuation of selling causing the market to blast past a psychological 600.00 dollar level. I believe the public prefers bull markets and the open interest is always better in bull markets.
Also the Crude Oil blew past it's technical / psychological $60.00 level trading under $59.00
during the Gold trading session. You would think with all the bad news in the world (North Korea ...To test nuclear weapons later in the week..........Venezuela /Iran to reduce oil production.......To raise the price ) that Gold and Crude Oil would be through the roof.
Welcome to the wonderful world of commodities !

The following are my numbers for 10/4 Wednesday for December Gold.........

resistance # 2............................598.00
resistance # 1............................581.00
pivot ...................................587.00
support # 1................................576.00
support # 2................................570.00

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

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TRADE SMART..........................