Gold Breaks Support

Gold has made a run for lower levels, breaking 1777, or support level from yesterday. We are seeing support form at the next level down, at 1770, however, confirmed by a green triangle on the KRI. Should 1770 not hold, then 1759 will be the next target. The Kovach OBV is still pretty flat, so we aren't expecting any sudden bull rally of significance, at least until CPI data comes out. If we do, then 1777 is the next target above, before running into further resistance in the 1780's.