Daily
![](https://media.dailyfx.com/illustrations/2017/01/05/eliottWaves_gold_body_gold.png)
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-No change to the gold comments – “Gold has dropped into the 1120s. If there is such a thing as support, then this is it. Failure to hold opens up 1062 (year open)…support held and focus is towards 1200-1210 (May 2016 low and 11/14 low).”