Gold is testing the low 1800's, breaking past 1800, but just barely. We are currently sitting at 1805 at the time of this writing. We appear to be forming a bull wedge pattern, potentially gearing up for a breakout. The Kovach OBV is still bullish, potentially indicating a bull divergence. If we are able to break out, then the next target is 1815, then 1826, then 1836, which coincides with the .786 Fibonacci level. If we retrace, we should have strong support around 1780, the 50% Fibonacci level.
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