Gold has broken through to higher levels, punching through the resistance in the 1780's and edging toward 1795. We are starting to see some red triangles form on the KRI suggesting we are encountering some resistance here. Unless some serious momentum comes through, 1795 should provide prohibitive resistance. The Kovach OBV has tapered upwards but does not seem to suggest that we have sufficient momentum at this point to achieve higher levels. If we do, then there is a vacuum zone above to 1815. If not, we anticipate gold to establish value back in the 1780's, with 1777 being the min lower bound for now.
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