Gold broke out and hit our target, only to retrace to support in the 1980's. The Kovach OBV is strong, but has curved over with the retracement. It is reasonable for gold to retrace after hitting such an important target. We are knocking at the door of the 2000 handle which is significant for gold, and it will take significant momentum for it to break through this. We have a dense patch of levels from which to expect support between 1956 and 1982.
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