GOLD 0.51% $1,391.7 gold futures

The 12 SHORT days of Christmas, page-6

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    That would be A$1480 gold & let's not get too excited just yet, still some major resistance to work through in USD Gold ($1240) and most goldies before I'd be overly bullish in the short term.

    Some Elliot Wave theorists are suggesting that USD Gold is in still completing wave 4 of a wave 5 count (down), meaning a future price below $1130 toward Xmas or even early in the new year is on their radar. I certainly hope that they're wrong, but we need to be mindful of the current technical picture.
 
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