Gold Maintains the Range

Gold has been holding the range between 1815 and 1826 nicely. We are seeing good support and resistance from above and below, respectively, confirmed by green and red triangles on the KRI at these levels. The price action is starting to 'round off' at highs, suggesting we be losing confidence in higher levels, and might be gearing up for a retracement. If support at 1815 does not hold, there is a vacuum zone down to 1715. If we can muster the strength to break 1826, then 1836 is the next target. The Kovach OBV has been holding steady at highs, suggesting the current range may hold for now, until we see more momentum come through either way.