quantguy

Gold Finds Support in the $1900's

COMEX:GC1!   Futures Oro
Gold is stabilizing in the low 1900's. We appear to be topping out at 1956 after crossing the vacuum zone above 1936. However, 1956 proved to be prohibitive as we predicted in these reports. The Kovach OBV has leveled off indicating that we are likely to range between 1905 and 1956, and will likely consolidate further. There are a cluster of levels above 1956 to provide strong resistance but if we are able to break out then 2000 would be the next major target.

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