GOLD CLOSES $9.50 HIGHER.................

The Gold market rallied and closed over the psychological $670.00 mark today.
The day session started innocent enough (actually lower on the day) before starting it's
technical climb to trade a very key $670.00 CHART POINT.
The Bull market was fueled by constant Geo-political news ( Iranian /U.S Tension) , rumors of Nigerian Oil production cuts, and the huge interest in Gold option calls.....
In general the public loves a Bull market and the allure of $700.00 gold has brought the public back to trading GOLD...Huge range (MOSTLY UP) $12.30 TOP-BOTTOM......
HIGH.....$673.90 LOW....$661.60 CLOSE...$672.30............$9.50 HIGHER on the day............
Crude oil up 80 + pts. (at Gold close).....U.S Dollar up 19 pts. (at Gold close) ????
Bought BULL/ CALL spreads last week....( glad I did).....
The following are my guideline numbers for Monday 2/12 April Gold..........

resistance # 2...........................681.00
resistance # 1...........................676.50
pivot.......................669.00
support # 1.............................664.00
support # 2.............................657.00


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

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