Gold Maintains the Range
Gold is ranging between 1851 and 1876. It is reasonable for gold to establish value in this range after the significant rally that took us to the 1800's from the mid 1700's. The Kovach OBV is rather flat, so we anticipate the ranging to continue until we see some momentum either way. 1876 should provide resistance, and 1851 should provide support until then. If we are able to break out, then 1895 is our next target, and 1836 should provide support from below.
Join my discord at discord.io/quantguy
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.