Thanksgiving Profit Taking .....................

Today's Gold market started Higher and traded up to $635.00 ($6.30 Higher on the day) before watching the Crude Oil continue to slip and in my opinion started a pre-Thanksgiving Day profit taking sell-off. Traders usually sit on the side-lines the Friday after Thanksgivng so for all practical purposes this was a Friday/like profit taking trade.
Once again the Gold traded in a nice trading range ($8.60 top to bottom).
HIGH..........635.00
LOW...........626.40
CLOSE.......629.00 .30 cent

The following are my guideline numbers for Friday 11/24 for December Gold......

resistance # 2...............638.50
resistance # 1...............633.50
pivot ...................630.00
support # 1...................625.00
support # 2...................616.50

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

I will be taking Friday off...But my blog will have Monday's numbers prior to
Monday's open..................

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HAPPY THANKSGIVING...............