Gold Trades $1.60 Lower On The Day.......

Today is the last day I will track February Gold......Tomorrow I begin trading April Gold !!!!
The Gold market was a true technical trade today. The market traded between support and resistance all day. Many Gold traders are waiting to see what (if anything ) the FOMC will say or do during their meetings this week. (Tuesday & Wednesday 9:00 am. cst.)
Also the CONSUMER CONFIDENCE report Tomorrow (Tuesday) 9:00 am cst.
The U.S. Dollar opened Higher and by the Gold close was down 18 pts.
The Crude was once positive on the day but closed over 100 pts. LOWER at the Gold close.
The volatility in the Crude oil has been extreme lately and basically a HUGE reason gold closed Lower today. Don't forget Gold expiration !!!!
FEBRUARY GOLD..HIGH...648.00 LOW...640.80 CLOSE...643.10 **************
The following are my numbers for 1/30 Tuesday..APRIL GOLD....

resistance # 2.......................657.00
resistance # 1.......................653.50
pivot.........650.00
support # 1.........................646.00
support # 2.........................643.00

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

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