Gold may be about to drop

Gold: we may be about to start a drop to at least 1291 GC; 1340-1341 region is resistance. Local overbought signal is already given.

Over 1352.5 GC this scenario would be negated.
 

BaseCase - GC - 1 hr
BaseCase - GC - 1 hr
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.