Gold Testing Higher Levels

Gold is edging higher. As predicted, we are running into resistance from a cluster of levels in the $1780's. This is confirmed by red triangles on the KRI at $1778 and $1784. We have one more level to go at $1789 before we are able to test a previous value area beginning at $1795. The Kovach OBV is still strong but appears to be wavering. If we retrace, we expect support at $1777 or $1770.