Gold Down .20 Cents Today.......................

A very technical trade today. The market produced a 6.90 pt range during the choppy trading session. The Santa Claus rally in the Stock Market continued today (another new all-time High)
and that certainly didn't hurt the U.S. Dolllar trading Higher (during the Gold trading session).
Traders were trading the numbers today in anticipation of reports coming out tomorrow
(Tuesday 7:30 cst.....PPI........and Housing Starts & Permits) and Thursday (Jobless Claims.....
Export Sales....GDP.....all 7:30 cst.). despite the recent correction in the gold market the demand
for physical Gold from China, India, and the Middle-east is great!
As I said earlier..This was a true technical trade today.......CHECK OUT MY GUIDELINE NUMBERS GOING INTO MONDAY'S TRADE!!!!!!!!!!!!!

MONDAY'S GOLD
HIGH.......621.90
LOW........615.00
CLOSE....618.70..............

The following are my guideline numbers for Tuesday 12/19 for February Gold............

resistance # 2 ..................625.50
resistance # 1 ..................622.00
pivot..................618.50
support # 1..................... 615.00
support # 2......................611.50

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


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