The Bull Is Back...........................

Today's Gold market reacted to a very weak U.S. Dollar ( DOWN 58 pts. @ the Gold close) and another up day in the Crude Oil (up 57 pts. @ the Gold close). The economic numbers this morning started the Dollar heading South early..Even Walmart's numbers weren't good and that hardly ever happens! The Economy has certainly slowed . This with the fact that India is still buying huge amounts of physical Gold has pushed the Gold to $647.50 and closing$12.00 HIGHER for the day. Another nice range today.....HIGH......648.00
.....LOW........635.00
.....CLOSE.....647.50

Be careful tomorrow /Friday ....maybe profit taking ?????

The following are my guideline numbers for Friday 12/01 for December Gold....................

resistance # 2............656.50
resistance # 1............652.00
pivot.....643.50
support # 1................639.00
support # 2...............630.50

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

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TRADE SMART.............................................