Choppy Monday...........

Monday's Gold trading session was very choppy and for the most part a very technical trade.
the market traded between the supprt and resistance levels using the pivot as the swing point all day. With a weak Crude Oil (80+ Lower at the Gold close) and a bullish U.S. Dollar today the only news keeping the Gold from losing more ground was the huge amounts of physical Gold being purchased world-wide..(U.S. , China , India....) .
Gold was $4.30 lower on the day with a HIGH......633.90 LOW....621.50... before Closing at
625.80. My first support was....622.50 today. Tuesday morning the PPI and Retail Sales
reports are released at 7:30 am (cst) and should be respected.
The following are my guideline numbers for Tuesday 11/14 in December Gold........

resistance # 2.................................639.50
resistance # 1.................................632.50
pivot .......................627.00
support # 1....................................620.00
support # 2....................................614.50

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


TO OPEN AN ACCOUNT, OR FREE CONSULTATION, DISCUSS RATES, OR A FREE OPTIONS STRATEGY BOOKLET...CALL 888-282-2770


TRADE SMART........