Gold Loses $3.40 On The Day.....................

Today's Gold trade was technical for the most part. Most traders were a bit gun-shy holding long positions after yesterday's retracement. Small range for a change only $5.60 (small in comparison to more recent days). The U.S dollar was 10 pts. Higher and the CrudE oil rebounded up 100 pts. ( at the Gold close ) from yesterday. Next week Gold expiration !!!!!
It could be a very choppy 3 days (MON. / TUE. / WED. /) be very careful.
The price s for BULL / CALL gold spreads are firming up !!!!
HIGH......648.10 LOW....642.50 CLOSE....644.70....................................
The following are my guideline numbers for Monday...1/29...February Gold................

resistance # 2.......................650.50
resistance #1........................647.50
pivot....................645.00
support # 1........................642.oo
support # 2........................639.50

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

TRADE SMART...........HAVE A GREAT WEEKEND !!

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