Gold Rallies $10.00...........

Thursday's gold session riddled with nothing but bullish news rallied $12.00 higher and settled $10.00 higher on the day. Besides the very weak U.S. Dollar ( 59 pts. Lower at the Gold close ) and Crude Oil was 89 pts. Higher at the Gold close there was plenty of world news to kick start the rally. Reports from ABC NEWS state North Korean General Ri Chan Bok saying "If President Bush continues to ask North Korea to kneel (due to economic sanctions ) "War IS INEVITABLE". Threats of war are bullish for Gold...
Secretary of State Condolezza Rice is in South Korea encouraging South Korea and China to enforce the United Nation sanctions against North Korea. Seretary Rice has offered unconditional terms to bring North Korea back to the bargaining table.
The Secretary also pledged protection to Japan and South Korea if attacked.
Sounds like the line is drawn. Almost forgot OPEC is meeting !!! (reduce production ??)

The following are my guideline numbers for 10/20 for Friday in December GOLD......


I bought Gold off my 1st support today 590.10.. (my 1st support was 590.00) !!!!


resistance # 2..........................614.00
resistance # 1..........................608.50
pivot...........................599.00
support # 1..............................593.50
support # 2..............................585.00


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

These numbers are for day trades and work best for quick scalps.

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