Choppy Trade..................

Wednesday's Gold session showed a mixed bag today. With the U.S. Dollar up and the Crude Oil lower (76pts. At Gold close) you'd think the Gold would have closed much lower. The Gold closed basically unchanged. (1 hour prior to the close it was $3.00 higher )
I believe with the north Korea / nuke standoff (threat of war premium= higher Gold ), the continued buying of physical Gold by India (wedding season), and China. There seemed to be a mixed opinion from Gold traders with most thinking there was more bullish news than bearish news. The market traded technically today !!!

The following are my guideline numbers for 10/19 Thursday for December Gold................

resistance # 2.............................601.50
resistance # 1.............................597.00
pivot............................................594.50
support # 1.................................590.00
support # 2.................................587.50


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


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