Tuiesday Surrenders Monday's Rally...........

Tuesday's Gold session was full of volatility. The whipped up and Dow between 574.00 and 578.00 seemingly all day long. The strong U.S. Dollar (despite North Korea scare ) kept the Gold market lower on the day. The Crude Oil was very negative today (despite OPEC rumor of cutting cutting oil production) and helped prevent Gold from getting on any substantial rallies.
Traders might have to let their positions breath a little longer (widen stops) simply to avoid the Pit market Makers (locals) from searching for stop/loss orders.(and setting them off)

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

resistance # 2............................589.00
resistance # 1............................581.00
pivot .............................577.00
support # 1..............................568.50
support # 2..............................564.50


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