Today's Gold trade was very quiet and traded in a tight $4.50 range in the Comex Day session. This was probably due to the meeting of the FOMC tomorrow. Although we are a week away from the official Holiday markets it certainly felt like a Holiday trade today. I also believe many investors have liquidated their positions over the past 5 trading sessions to escape further volatility and record profits for the 4th Quarter. At one point Comex had reported net long positions to be over 300,000.(much of that is gone) I believe Gold Bugs will sit the sidelines until word from the FOMC. I also believe many Gold traders are through for the year. As many more take the Christmas through New Year's week off as a rule. This should result in thinner markets from now til the New Year.

REPORTS: 12/15

FOMC

My swing numbers for 12/15

RESISTANCE # 2..........$1138.00
RESISTANCE # 1..........$1130.00
PIVOT..................... ....$1121.00
SUPPORT # 1............ $1113.00
SUPPORT # 2............ $1104.00

Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.