Gold Gives Back $3.30 Today..............................

Today's Gold trade was a very choppy / nervous session.
Once again the Gold community watched the market react to economic reports.
Early on in the trading session it seemed the Funds were selling the Gold (I believe taking some profits ) when the market did not hold some support levels. The market traded as low as $632.50 before a late session rally due to Federal Reserve Chairman Ben Bernanke stating"he's concerned about inflation due to Economic Slowdown....." The U.S. Dollar was weak (28 Lower)and the Crude Oil was Strong again today (54 Higher) as of the Gold close.
Another nice trading range today...HIGH..........641.90
LOW...........632.50
CLOSE........637.30

The following are my guideline numbers for Wednesday 11/29 for December Gold..............

resistance # 2......................646.50
resistance # 1......................641.50
pivot ........................637.00
support # 1..........................632.00
support # 2..........................627.50

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

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Trade Smart.....