Gold Closes $1.30 Higher...........

Today's Gold market closed $1.30 Higher during a very CHOPPY / VOLATILE trade.
The Gold rallied early and making it's Highs (673.90) before 8:00 am (cst.)...
Then spent the rest of the session giving back it's gains.......
The Gold market found strong resistance up at 674.00 and forced both traders and customers to scramble for exit profits and minimal losses... This also set off STOP / LOSS EXIT ORDERS
helping to fuel the retracement today. Even with the U.S. Dollar DOWN (36 at the Gold close)
and the Crude oil UP (100+ pts.) the Gold community closed the market up $1.30 @668.60...
Look for the remainder of the week to be CHOPPY due to the up-coming three day weekend...
(PRESIDENTS DAY)...Nobody wants a three day position !!!!!
HIGH....673.90 LOW...665.80 CLOSE...668.60.....

The following are my guideline numbers for 2/14 ...Wednesday....April Gold......

resistance # 2.........675.00
resistance # 1.........673.00
pivot....667.50
support # 1.............665.00
support # 2.............660.00

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

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