Hadapan Emas
Singkat

Gold Breaks Through to the $1600's!

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Gold has continued to edge down, and as we mentioned here all week, we have found support in the low $1700 handle, finally breaking through briefly to the $1600's. We tested $1692 with a wick, but a green triangle on the KRI promptly signalled support. Since then, we have equilibrated around $1700. The Kovach OBV has been bearish all week, and we have not even gotten a slight relief rally. If we do see one, we should have resistance around $1721 or $1728.

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