quantguy

Gold Reaches Our Target Value Area

Short
COMEX:GC1!   Gold Futures
As anticipated Friday, Gold fell through support at $1815, and fell through the vacuum zone to $1795. We actually dipped a bit further, to test support in the $1780's before equilibrating back at $1795. We were confident that this would happen since the range between $1795 to $1815 was a previous value area respected last year. However the Kovach OBV is still very bearish , so be advised that we may dip into the $1780's once again.

Join my discord at https://discord.io/quantguy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.