Gold has tested 1917 a third time. It’s been making higher highs, suggesting that it may be trying to form a bull wedge. It may try to test 1905 again before breaking out, but it is looking like its coiling up for a breakout. If not, expect momentum around 1917 at the open. Gold will face resistance at 1925 and 1937. The latter level is a relative high, unlikely to be broken easily. The Kovach OBV is not quite convinced. It is still fairly flat, but considering the massive selloff in gold on the 13th, it is reasonable for some chart skew.


Leave a reply

Your email address will not be published. Required fields are marked *


©2021 Ghost Squawk

Log in with your credentials


Forgot your details?

Create Account