Wild Market Closes 10 cents Lower Today.......

February Gold opened at $651.50 today. (7:20 cst.)..........
With the U.S. Dollar Lower and the Crude oil Higher the Gold began to trade sideways
before trending Higher making it's highs (654.60) around 9:40 cst. During this same time frame Crude oil was on it's Highs (5590) when a report from a private tracking firm released information that OPEC ROSE production by 2.3 Million barrel's. (A PRIVATE FIRM)......
This started an avalanche in the Crude oil taking the market from 55.90 down to 54.50(at Gold close) . This caused the U.S Dollar to gain strength and start the Gold downward. Gold dropped $4.00 rather quickly before settling back into a range. Once again nothing that bearish for Gold
especially considering the unrest in Beirut today.....(University government opposition vs.
government Military...Rioting...) Resistance numbers are holding and the push for 660.00.(key chart point) stalled the early rally and the race for profits during the Crude oil avalanche forced the execution in STOP/LOSS ORDERS around the 649.50 level....
HIGH....654.60 LOW....647.00 CLOSE...648.80........

THE FOLLOWING ARE MY GUIDELINE NUMBERS FOR 1/26 FRIDAY FEBRUARY GOLD..


resistance #2..............................657.50
resistance #1..............................653.00
pivot...........................650.00 ***********
support # 1................................645.50
support # 2................................642.50

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

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