Gold Closes Down $2.30 On The Day.......

Today's Gold market was very choppy and extremely tough to get a handle on today.
It began as a very technical trade holding the pivot(634.00) and holding my 1st. resistance (640.00).But after the early Crude oil rally came to a sudden halt and traded from their High
(54.65) down to it's low (52.07) in the afternoon portion..thoughts of the Gold making new High's were dashed. Even with no real negative news the Gold followed the Crude oil and closed
$2.30 Lower on the day. Many traders bought the open and took profits when the Crude oil topped out. TheU.S. President will give his "State of the Union " speech Tomorrow ...Tuesday 1/23....Be careful !!!! ONLY a $7.00 rage today......
HIGH....640.20
LOW.....633.00
Close... 634.10...............

The following are my guideline numbers for Tuesday...1/23 ....February Gold....

resistance # 2.............642.50
resistance # 1.............637.00
pivot.....635.50
support # 1 .........633.00
support # 2 .........628.50

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

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