Giant Rally..................

The Gold market has determined the control of both the U.S House of Representatives and The U.S. Senate may be negative for the U.S. Dollar and therefore Bullish Gold.
I believe the Gold trading sector has anticipated GRID-LOCK between a Republican President and House and Senate that's Democrat. Also the huge amounts of physical Gold being purchased world-wide is keeping prices high.
I continue to believe with the Housing Sales way down, a very weak U.S Dollar, and the spike in Crude oil lately have many traders concerned with inflation.
Today's Gold market had a $ 22.50 range..HIGH....637.00
LOW.....614.50
CLOSE..636.80

UP $ 18.50 on the day..........My first support was 615.00 today

The following are my guideline numbers for Friday 11/10 for December Gold.....

resistance # 2.....................652.00
resistance # 1.....................644.00
pivot.........629.50
support # 1......................622.00
support # 2......................607.00

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


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