Gold Settles .90 Cents Higher........

Wednesday's Gold trade was once again very choppy and seeking a direction.
The Retail Sales number was better than expected and pushed the U.S. Dollar Higher.
Since the Gold has been reacting closer to the Dollar movement lately more than other indicators it forced the Gold market lower early in the session.
The Gold community seemed to BUY dips and Support levels causing the market to rally.
The Gold trade was very choppy and traded in a technical range.(see my numbers from yesterday) With the demand for physical Gold still High and OPEC meeting (2 am approx. Thursday) Gold traders feel there is more Bullish news than Bearish in the Gold market.
Today's trading range...HIGH...634.80
LOW.....627.50
CLOSE........632.60............

The following are my guideline numbers..12/14 Thursday for February Gold........

resistance # 2.......................638.50
resistance # 1.......................635.50
pivot.....................631.50
support # 1.........................628.00
support # 2.........................624.00

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

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