Safehaven Inflows Benefit Gold
Gold has steadily rallied benefitting from safehaven inflows from the Ukraine crisis. We appeared to see some trouble with 1895, the last level of the 1800's, but another burst of momentum took us into the 1900 handle. From there, we were even able to make an attempt at higher levels still, but our level at 1917 proved to be a top for now. After that, we retraced back, and are currently meandering around 1900. We are seeing good support from 1895, but watch the vacuum zone below to 1876. If we rally again, 1917 is the level to break before we can achieve higher levels.
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