Tuesday's Gold Market Very Choppy.......

Today's Gold market was very choppy and gave back $5.00 from yesterday's close.
Despite a lower U.S. Dollar (22pts. At Gold close) the Gold sector took profits and followed the very negative Crude Oil market. As the Crude Oil went from being very positive early to 112 pts. Lower at the Gold close it pulled the Gold market as much as $10.00 lower before a late last hour rally to only lose $5.00 on the day. The news in North Korea is still on all Gold traders screens. The latest is U.S intelligence reports movement of missiles in North Korea. Once again the North Koreans have stated "United Nations sanctions are a declaration of war ".

The following are my guideline numbers for Wednesday 10/18 for December Gold..........

resistance # 2...........................607.50
resistance # 1...........................600.50
pivot .........................................594.50
support # 1 .............................587.50
support # 2..............................581.50

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

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