Gold Meets Resistance in the Mid $1800's

Gold has found support exactly at $1836, one of our levels. We noted in previous reports that gold should find support at $1836 or $1826. From here we saw a pivot back to relative highs in the mid $1800's. Recall that we have a dense cluster of levels in the mid $1800's at $1857, $1857 and $1865. These align with relative lows from early May, and are currently acting as a barrier to higher prices. The Kovach OBV is tapering up slightly, but we will need more momentum to hit $1876, our next target. If we reject current levels, $1836 and $1826 should provide support.