Gold has pressed down past our support level at 1795, plummeting through the entire vacuum zone between 1815 and 1795. As predicted, we have found support in the 1780's, with two levels acting as a buffer between our ultimate floor of 1777. We are seeing a bull wedge forming at current levels, suggesting that gold may attempt a rebound to higher levels, but will face resistance at 1795. If we are able to break this, then the next level is 1815. If we dump further, we anticipate support at 1777. The Kovach OBV is pretty flat, suggesting we need momentum to come through either way.
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