Gold FuturesShort
Gold Breaks Through to the $1600's!
Gold has continued to edge down, and as we mentioned here all week, we have found support in the low $1700 handle, finally breaking through briefly to the $1600's. We tested $1692 with a wick, but a green triangle on the KRI promptly signalled support. Since then, we have equilibrated around $1700. The Kovach OBV has been bearish all week, and we have not even gotten a slight relief rally. If we do see one, we should have resistance around $1721 or $1728.
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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.