The Bull Run Continues...........

Thursday's trading session in the Gold began on the choppy side before the market began it's sideways to eventual upside move. The December Gold closed at $627.80 settling $8.50 dollars HIGHER on the day. Once again the Gold followed it's own path and ignored a positive U.S. Dollar and a negative Crude Oil market. I believe the gold community has chosen to trade the Gold basis the U.S. economy , Middle-east tension, physical Gold buying. And a technical break-out when the market broke the $620.00 resistance level. The $620.00 level was not only a BIG technical area it was also a BIG psychological area. Be careful trading on Friday... Many traders take profits before the weekend and the market has rallied all week !!!!!
HIGH....628.30 LOW....616.50 CLOSE....627.80

The following are my guideline numbers for 11/03 Friday for December Gold...........

resistance # 2.............................636.00
resistance # 1.............................631.50
pivot ................624.00
support # 1.................................620.00
support # 2.................................612.00

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

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