Strong Dollar Keeps Gold Lower.............

Today's Gold trade tested the down-side today due to a very strong U.S Dollar.
The Dollar was 53 pts. HIGHER at one point causing the Gold to trade down to $616.00 early on in the trading session. As the Dollar weakened from a high of 8553 down to 8524 (at the gold close the Gold in turn rallied closing at $623.80. Not much Bullish news for gold today other than reports claiming a very optimistic forecast for physical Gold in the 4th quarter.
If economic news continues to strengthen the Dollar ....The gold reports may be meaningless !!
The Gold had another wide range today..HIGH......625.80
LOW.......616.00
CLOSE....623.80

The following are my guideline numbers for Thursday 11/15 in December Gold.............

resistance # 2......................632.00
resistance # 1......................628.00
pivot .....................622.00
support # 1.........................618.00
support # 2.........................612.00

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


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