Gold seems to have reached high prices of 1369.84 but wasn't able to break that resistance level. after touching that price it bounced up and down for weeks forming a consolidation before dropping to 1123.83 forming a leg of a of elliots wave as you can see in the picture. it retraced to 1260.00 but only forming a LH. if the uptrend of wave 2 is broken there will be a huge drop in the next month since wave 3 is the longest