Monday Gold Rally........

With the aid of a weak U.S. Dollar and a strong Crude Oil market the trading session in Gold closed $5.80 higher on the day. I believe the October 20th OPEC meeting is the reason Crude oil is higher (probable Oil production cuts ) and the reaction to upcoming sanctions against North Korea will certainly keep the Gold sectors attention. North Korea called the sanctions "Gangster Like " and stating "if future sanctions continue it will be considered an act of war and be met with a physical response ".

The following are my guideline numbers for Tuesday 10/17 in December Gold..............

resistance # 2.............................................603.00
resistance # 1.............................................600.50
pivot ...........................................................596.50
support # 1.................................................594.00
support # 2.................................................590.00

resistance = possible point to sell
support = possible point to buy
pivot = possible point to show direction


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