Gold Closes $5.00 LOWER Today..................

The Gold trade today was BEARISH from the start. It appears the Gold is reacting off the LOWER Crude Oil trade lately. In fact even with a Down U.S.Dollar Gold traded in accordance with the (100= pts. LOWER at Gold close) Crude Oil. Lets remember 7+ weeks ago the Gold took a $70.00 Dollar tumble and many traders are not willing to hold positions at this level. In fact since we've been trading over $680.00 it appears to me that we are going to need a big push in order to trade over $700.00. (LOTS OF RESISTANCE and HESITATION)
HIGH.....691.00 LOW.....682.50 CLOSE.....688.30................
The following are my guide-line numbers for 4/20 Friday...................June Gold
resistance # 2.............697.00
resistance # 1.............691.50
pivot................687.00
support # 1.................683.50
support # 2.................678.00

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