Gold Rallies $11.80 Today ............

Today's Gold market was extremely strong from start to finish today.
With the help of a weak U.S. Dollar(30 pts. Lower @ Gold close ) and a very strong Crude oil market (80 pts. Higher @ Gold close ) the Gold opened $5.00 Higher and closed up $11.80 on the day. Middle-east tension has been key in keeping the Gold Higher recently (war = Higher Gold) but reports from ABC NEWS "BUSH TO OFFER BOLD ENERGY PLAN"....
"Bush to ask for Americans to cut their consumption of all gasoline by 20 percent over the next 10 years" had traders on their heels looking to get FLAT..(closing open positions)......Remember to watch the "State of the Union"" TONIGHT.
HIGH....646.90 LOW..639.00 CLOSE...645.80.........

The following are my guideline numbers for Wednesday..1/24...February Gold.....

resistance # 2.......................652.00
resistance # 1.......................649.00
pivot....................644.00
support # 1.........................641.00
support # 2.........................636.00

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

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