Gold Closes at $621.20...................

The Gold market was very thin (Low Volume) and traded in a choppy small range today.
The U.S. Dollar was a little Higher and I believe today was a year-end profit taking trade for many Gold Traders who will take the rest of the year off. The Gold faded the U.S . Dollar which was slightly Higher on the day and the Gold closed $3.10 Lower.The Gold trade the rest of this year should be very thin and choppy.
Sometimes the best trade you make is the one you do not make! The range today......
HIGH....625.40 LOW....620.60 CLOSE.....621.20

The following are my guideline numbers for 12/22 Friday for February Gold.......................

resistance # 2...................627.50
resistance # 1...................624.50
pivot ...................622.50
support # 1..................619.50
support # 2..................614.50

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


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