Short

Gold to Find Support?

Gold has dipped, as anticipated. We punched through $1658 and are heading for $1640. The Kovach OBV has turned sharply downward, suggesting that we will need significant momentum in order to pivot off these levels. We should see some support at $1640 but if not, lows at $1629 should provide further support. If we somehow pivot, then $1658 should provide resistance with $1683 a ceiling.

quantguy

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