Gold to Test Higher Levels?

Gold spiked higher with a weak rally testing and breaking $1640. The Kovach OBV has picked up slightly, but we have no indication of any serious momentum that can take us up to our target of $1683 just yet. We still must break through $1658 and $1670 first. A red triangle on the KRI is confirming resistance at current levels. We anticipate $1629 to hold as a floor for now.