Small Range...Lower Close.....

Today's Gold market was once again thin and choppy with a small range.
The Crude oil responded to the hints that OPEC would cut oil production in February with a big rally(100pts. @ Gold close). OPEC seemed to show concern for the present weak U.S. Dollar by putting the cut off til February and this caused more support for the Dollar (29 pts. Higher @ Gold close ). This certainly confirms my belief that Gold is following (inversely) the Dollar as opposed to trading together with the Crude oil recently. As we know the Gold is the anti-Dollar
and if the Gold is strong the Dollar is probally weak. The range was only $4.80 today.......
HIGH.......................634.00
LOW........................629.20
CLOSE.....................630.70......................$1.70 LOWER
MY NUMBERS WORKED WELL FOR DAY TRADES......
LOOK FOR CHOPPY TRADING TIL THE FIRST OF THE YEAR !!!

My guideline numbers for 12/15 Friday for February Gold.........................

resistance # 2....................636.50
resistance # 1....................634.00
pivot................631.50
support # 1....................629.00
support # 2....................627.00



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

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