We anticipated some ranging in gold before another breakout. Looks like we were a bit ambitious as to the breakout but we did see a bounce off 1973, as predicted. Gold does seem to be having trouble breaking out to new highs, which is understandable after how much it has rallied. The Kovach OBV has pretty much flatlined, so anticipate more ranging, if not a retracement. The levels 1973, 1955 or even 1936 may make good entry points.
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