OBV on Gold Points Higher
10/01/2009 12:01 am EST
The On Balance Volume (OBV) on gold has been leading prices higher since 2002 and is still in a solid uptrend turning higher this month. This favors a move above the 2008 highs. Our Fibonacci analysis has upside targets at $1058 and then $1158. To learn more about the OBV click for a recent Trading Lessons article.