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Gold Dip Underway; Former Vary Excessive at 1279 is Now Give a boost to 

eliottWaves_gold_body_Picture_3

Day-to-day

eliottWaves_gold_body_Picture_3.png, Gold Dip Underway; Former Range High at 1279 is Now Support

Chart Ready by way of Jamie Saettele, CMT the use of Marketscope 2.0

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-Gold has responded to the November high, former trendline support (line that extends off of the June and October lows) and channel resistance. The market followed up on Tuesday’s outside day with a down day so respect the potential for additional weakness.

-The next major resistance is probably the October high at 1362.

LEVELS: 1286 1296 1304

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