Gold Settles $6.90 Higher… ($1386.10)

Today's Gold session covered a $13.30 choppy range. Despite a stronger U.S. Dollar the Gold and Silver markets rallied mid – late session to close higher on the day. Overnight buying from India provided along with a potential conflict between North and South Korea sent investors buying gold.

Despite more South Korean military exercises including live fire on the island of Yeonpyeong there was no retaliation this time from North Korea. North Korean state media quoted the army as saying "it was not worth reacting." They have been the center of negotiations with  the UN Security Council this weekend which ended without a deal.

Today's trade was calm and indicated that the Christmas Holiday's market was in full swing… Volume…83,000 plus…..(half of last week).

MY SWING NUMBERS FEBRUARY GOLD 12/21

RESISTANCE # 2……………….$1397.00

RESISTANCE # 1……………….$1391.00

PIVOT……………………………..$1384.00

SUPPORT # 1……………………$1378.00

SUPPORT # 2……………………$1371.00

MY SWING NUMBERS MARCH SILVER 12/21

RESISTANCE # 2……………..$29.90

RESISTANCE # 1……………..$29.63

PIVOT……………………………$29.22

SUPPORT # 1………………….$28.95

SUPPORT # 2………………….$28.54

Mike Daly / Gold Specialist

PFG BEST

[email protected]

877-294-4669

312-563-8029

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