The Gold Market Closes .60 Cents Lower......

For the third day in a row the Gold trading session was CHOPPY and seemed to follow the Crude oil more than trade opposite the U.S. Dollar..... The Gold held support levels and actually rallied late to only lose .60 cents. The sell-off early certainly seemed to clean out many longs....
Tomorrow (FRIDAY) it should be very THIN (3 DAY WEEKEND) with most traders prefering to be FLAT over the weekend !! Another HUGE sell-off early in the Crude oil...While the U.S Dollar was also 10 pts. LOWER at the Gold close....Lots of BIG swings lately in the Gold ,but for the most part it does hold resistance/support levels......
HIGH....674.20.... LOW.....666.50.... CLOSE.....671.40

Guideline numbers for FRIDAY....2/16...APRIL GOLD.............

resistance......678.50
resistance.....674.50
pivot..............670.50
support ........667.00
support.........661.50

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

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