Gold Gains $7.40 Today........................

Wednesday's Gold trade was looking for support early and found it!
After drifting lower after the opening and trading down to $620.80 the Gold rallied
with the help of a Weak U.S. Dollar (15 pts. Lower @ Gold close) and a Higher Crude oil market (30 + pts. Higher @ Gold close). The Geo-political tension in the Middle-east (Iran /United States )certainly is keeping the attention of the Gold sector. Reports of the Home Foreclosures
continuing to rise was not good news for the U.S. Dollar. (Gold is the anti-Dollar)........
Another wide trading range today..($14.00)..........
HIGH....634.80
LOW.....620.80 ********MY 1st SUPPORT ****= 623.00
CLOSE..633.30

The following are my guideline numbers for Thursday 1/18...February Gold....

resistance # 2...........................643.50
resistance # 1...........................638.00
pivot ...................629.50
support # 1...........................624.50
support # 2...........................615.50

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

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