Gold Closes Up $13.10 For The Day.......

Today's Gold market rallied strong due to a weaker U.S Dollar and a Higher Crude oil market.
I believe the professionals are getting long the Gold based on new concerns over inflation.
Also the Geo-political climate is still a huge factor and worth keeping an eye on.
Friday's trade also seen Call @ Bull Call activity increase.
It seems every time we get a Bull run every Broker jumps to get his customers long Calls hoping this will be the time we make new Highs. I believe the avalanche that was last week (traded down to (603.00) was triggered by over-bought option positions.
Huge range...HIGH..628.00 LOW..610.70 CLOSE..627.00.....($17.30 range)...
MARKETS CLOSED MONDAY...(MARTIN LUTHER KING HOLIDAY)
The following are my guideline numbers for Tuesday 1/16 for February Gold............

resistance # 2..................639.00
resistance # 1..................633.00
pivot...........622.00
support # 1..................616.00
support # 2..................605.00

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

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