Gold Soars on Safe Haven Inflows

Gold has soared past our levels, breaking 1795 with ease. This suggests strong safe haven buying, that has blasted us into the value area between 1795 and 1815. The Kovach OBV has picked up tremendously, but we will see if the rally can continue, or if we will retreat to the value area we've established in the 1780's. After such a tremendous ascent, gold is sure to face resistanceat 1815, and range or correct at this level or at current levels. Watch for support at 1795, but if not, at 1789, and 1784, as we've seen over the past month.