Choppy Trade Gives $2.20 Back..................
Even with the Crude Oil selling off early in the session (reaction to Saudi Oil Minister stating Oil stocks were over-valued) resulting in a a forced profit taking scheme and the continuation of a very weak U.S Dollar....The Gold trading community took profits early without causing any panic sell-off. The market gave back $2.20 from yesterday while trading in a $6.20 range....
HIGH................649.70
LOW.................643.50
CLOSE.............644.70..........................
The following are my guideline numbers for Monday 12/04 for December Gold..................
resistance # 2.........................652.00
resistance # 1.........................648.50
pivot........646.00
support # 1.............................642.00
support # 2.............................640.00
resistance = possible point to sell
support = possible point to buy
pivot = possible point to determine direction
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TRADE SMART.....
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