Early Profit Taking...Late Rally........

Friday's Gold market began a bit weaker and due to a very strong U.S. Dollar started aprofit taking break down to $619.50.(MY SUPPORT WAS 620.00) before holding support and starting it's rally on more Middle-east tension. The market rallied up to 631.40 on reports Iran launched 3 missiles in Gulf exercises. Iran launched 3 new improved missiles on Friday bringing the whole Gulf Region within the Islamic Republics weaponry, Iran's State Radio said.
These missiles included LAND to SEA and SEA to SEA Brigadier-General Fadavi told State Radio. Then he added " The whole area is now under our control".
This truly adds fuel to an already brittle region. (war environment = Bullish Gold)
High....631.40 Low.....619.50 Close....629.20 up...$1.40 on the day......

The following are my guideline numbers for 11/06 Monday for December Gold........

resistance # 2.......................639.00
resistance # 1.......................634.50
pivot .....................627.00
support # 1..........................622.50
support # 1..........................615.00


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

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