8:03 AM PDST GOLD DROPS LOWER ON ELECTION DAY

GOLD DROPS OUT OF THE SMALL WHITE UPTREND CHANNEL AND CLOSER TO THE LOWER LINE OF THE BLUE DOWNTREND CHANNEL, ALL WITHIN THE DOMINANT YELLOW UPTREND CHANNEL. AND ALL THIS HAPPENING WITHIN THE HARD TO SEE LARGE WHITE MOST DOMINANT DOWNTREND CHANNEL THE TOP LINE OF WHICH YOU CAN SEE IN THIS CHART AND WHICH RESOLVES UP.

AS DAN NORCINI STATED IN HIS COMMENTS POSTED BELOW, TODAY AND TOMORROW WILL BE VERY TRICKY DAYS TO TRADE ANY BUT THE VERY SHORTEST OF SCALPING TRADES DUE TO THE ELECTION AND THE UPCOMING FOMC MEETING REPORT TOMORROW.