As we have discussed, gold was facing steep resistance from a dense cluster of levels between 1956 and 1982. We were facing steep resistance at the last level, 1982. However, we were able to break out into the vacuum zone to hit 1999, our target from last week. We are currently meeting resistance here, confirmed by a red triangle on the KRI. The Kovach OBV is still quite strong, however, so if gold can keep up the rally the next target is 2029. It will find support at 1982 again if we retrace.
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