Gold Maintains the Range

Gold has held the range between 1895 and 1956, that we discussed yesterday. At this time yesterday, we were roughly in the middle of the range, however since then we have started to edge up again. We are seeing notable resistance at 1956, as predicted due to the dense patch of technical levels above between 1956 and 1982. The Kovach OBV is starting to drift higher ever so gently, however the volume is still comparatively low. We will require much more momentum before we can break out either way. If we break down, there is a vacuum zone to 1876, then 1865. A breakout will face resistance from technical levels in the 1950's through the 1970's, but if we can clear these, 1999 is the next target.