Gold Closes Up 50 Cents Today....

Today's Gold trade was another technical trade within a $6.50 range.
Despite another Huge down day in the Crude oil (150 + Lower @ the Gold close) and another Up day in the U.S. Dollar (25 pts. Higher @ Gold close ) the Gold market managed to close .50 cents Higher today. More tension in the Middle-east rallied the Gold almost $5.00 (612.30-617.00) on reports from THE BBC NEWS web-site "U.S. Forces have stormed a building in northern Iraqi town of Irbil and seized six people said to be Iranians prompting a diplomatic incident". Watch for Retail Sales / Supply & Demand report numbers Friday 7:30am (CST).
HIGH...617.00 LOW...611.50 CLOSE...613.90

resistance # 2......................620.50
resistance # 1 .....................616.50
pivot ........614.00
support # 1......................611.00
support # 2......................607.50

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

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