Gold Closes $2.30 Higher Today.........

Today's Gold market started out $300 Lower and looking for direction.
It turned out to be a Market Makers (floor traders) delight.
It was a true technical trade with plenty of choppy volatility on the side. My guideline
numbers were pretty good today !! it was a tough day to hold positions due to the huge
swings in the Crude oil market and the U.S Dollar today. Today was one of those days
when the U.S Dollar and the Gold were not matched up(Gold = ANTI Dollar) because
both were Higher at the end of the day. (U.S. Dollar 25+ pts. Higher @ Gold close )
ABC NEWS reports "The United States launched an air strike in SOMALIA against terrorist targets" ......Another great trading range..$9.50......
HIGH...648.50 LOW...639.00 CLOSE....648.20

The following are my guideline numbers for 1/25....February Gold

resistance # 2.........................654.00
resistance # 1.........................651.00
pivot.......645.00
support # 1.........................641.50
support # 2.........................636.00

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

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