Late Rally Helps Gold Close Higher On The Day.......

Monday's Gold market traded within a $7.50 range needing a late rally to close .50 cents Higher on the day. This is impressive when you realize the Crude Oil market was over 90 pts. Lower at the Gold close. According to ABC News " The U.S. Dollar hits a 20 month Low against a basket of currencies" and " On Friday the Institute for Supply of U.S. National Manufacturing in November showed a contraction in the factory sector for the first time in 3 1/2 years.
Despite the Crude Oil plunge today it appears the Gold trading sector believes inflation is on the horizon. Still plenty of demand for physical Gold...
High.................648.00
Low..................640.50
Close................644.20.....................

The following are my guideline numbers for 12/05 Tuesday in December Gold........

resistance # 2................652.00
resistance # 1................647.50
pivot................644.00
support # 1...................640.00
support # 2...................636.00

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

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