Gold Closes $1.60 Lower............

Today's Gold market traded in a technical range in anticipation to the Presidents address to
the Nation tonight. Despite a Trade Balance report that was better than expected(Bullish for U.S Dollar) , Crude oil trading 120 pts. Lower at the Gold close (traded BELOW $55.00 per. Barrel today), the Gold market rebounded from a 607.00 low to close at 613.40.
the Gold market re-acts to Geo-political situations /War environment with more vigor than Trade Balance reports. This Gold market is truly a World market. 25 yrs. Ago the Middle-east,
China, and India were not the Gold players they are today. Gold = SAFE HAVEN !!!
Another big range today...$13.80......HIGH..613.80 LOW...607.00 CLOSE......613.40
My PIVOT number and 1st SUPPORT worked well today.
The following are my guideline numbers for Thursday 1/11 for February Gold......

resistance # 2...........................618.00
resistance # 1...........................615.00 EXPORT SALES...JOBLESS CLAIMS REPORTS
pivot ....................611.00 Thursday 7:30am (CST)
support # 1..........................608.50
support # 2..........................604.00

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

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