Gold Down $11.00 At The Close......................

Friday's Gold market started out choppy and trading within a technical range.
The trade turned very volatile in the afternoon portion when the market could not hold technical support and traded below 625.00. When 625.00 didn't hold it set off stop-loss orders
starting a sell - off frenzy. The U.S. Dollar was very strong (40 pts. HIGHER @ Gold close) and with the recent Santa Claus rally in the Stock Market many traders have pulled monies from Gold and put them in the Stock market and S&P Index. this Gold market Break certainly took a
large portion of Longs out of the market and gave die-hard Bulls another opportunity to Buy.
HIGH...629.00......LOW........617.50........CLOSE.......620.00.......(YIKES)
As of Monday the Holiday markets begin !!!!!!!

Following are my numbers for Monday 12/18 in February Gold..............

resistance # 2.............633.50
resistance # 1.............626.50
pivot......622.00
support # 1................615.00
support # 2................603.50

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

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