Gold has continued to rally, breaking out from our range between 1795 and 1815. It has hit our profit target of 1826, which we predicted yesterday. We are reaching resistance here, confirmed by a red triangle on the KRI. However, 1815 is providing support as confirmed by a green triangle on the KRI below. If momentum continues, then our next target is 1836 then there is a vacuum zone to 1851. If support does not hold, then we will likely encroach back into the value area between 1795 and 1815. The Kovach OBV has picked up notably, but is currently stalling out, suggesting we will range or retrace from here as gold continues to establish value.
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