Columbus Day Rally....................

Monday's Gold session waffled early opening higher on reports that North Korea had tested nuclear weapons yesterday and putting the world on edge. The United Nations Security Council had warned North Korea not to perform the test just two days earlier. Looks like more sanctions against the already isolated country. The gold dipped down to 575.50 before following the very strong Crude Oil rally.( 120 + higher at Gold close) The rally started when OPEC announced they were threatening to cut Oil production..........

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

resistance # 2 .....................................592.50
resistance # 1 .....................................586.50
pivot .....................................581.00
support # 1 ........................................576.00
support # 2 .......................................570.50

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

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