Tough To Figure Today.............

Friday's Gold session I believe turned into a profit taking/stop loss retracing from yesterday.
Despite OPEC confirming reports ( the inevitable Oil production reduction) that it will reduce Oil Production by 1.2 million barrels per day. This should have made the Crude Oil rally but instead the Crude Oil was well over 100 pts. Lower at the Gold close. This means the OPEC production was factored in to the market much earlier to the official reports. Just look at yesterday's Crude Oil high. This is a good lesson to remember. This is why I hesitate in taking positions over night
and allow the market to come to me. Only the heartiest traders take positions over a weekend these days. Friday's are infamous for PROFIT taking. Today's market gave about $ dollars back from Thursday's $10.00 rally.................

The following are my guideline numbers for Monday 10/23 for December Gold............

resistance # 2......................611.00
resistance # 1......................603.50
pivot............................599.00
support # 1.........................592.00
support # 2 ........................588.00

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

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support = possible point to buy market