quantguy

Can Gold Maintain $1800??

Short
COMEX:GC1!   Gold Futures
Gold has smashd through lowe levels, but found support exactly where we identified yesterday at $1815. Notice that $1815 is the last major level in the $1800's, and there is a nice value area below from a few months prior between $1795 and $1815. If we break down further, it is highly likely that we will seek value there again. The Kovach OBV has dropped off dramatically, but appears to be leveling off. If we see a relief rally, then $1836 or $1851 are reasonable targets.

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