quantguy

Gold Plummets

Short
COMEX:GC1!   Gold Futures
Gold has plummeted, smashing through levels in the 1800's and upper 1700's. We finally found support around 1759, confirmed by a green triangle on the KRI. The Kovach OBV has fallen off significantly, but does appear to be rounding off. If we do not find support here in the mid 1700's, we may find it in the 1740's or perhaps even at 1735. If we pivot from here, the next target is 1784.

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