Gold Recovers the $1800's

Gold has found support from the upper $1700's, and made a run for the mid $1800's. We smashed through the upper bound of a previous value area at $1815, then passed through several levels after that to reach $1851, which we identified in these reports as a target. We expected resistance here, since this level is a relative low from earlier in May. We are indeed seeing resistance here confirmed by a red triangle on the KRI. If we are able to break through, then we will see resistance from several technical levels up to $1876, then there is a vacuum zone to $1895. If we fall from here, $1836 and $1826 should provide support with $1815 a likely floor for now.