Gold has been volatile, but is overall holding the range between the 1780's and 1815. We first smashed through 1795, the lower bound of our value area, but quickly found support at 1789, where we were bought back up to 1815. Currently we are meeting resistance at this level confirmed by several red triangles on the KRI. The Kovach OBV is rather flat, filtering out the noise from the recent volatility, as it was designed to do. This suggests that we may reject 1815, and establish value again between 1795 and 1815. If we are able to break through, then 1826 is our next target. If we seek lower values, we will have support in the 1780's, with 1777 a likely floor.
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