Gold continues with its bullish structure

Gold continues with its bullish structure

Key support: 1734
Key Resistance: 1742 – 1745 – 1752

Mid Term View
We continue to look for longs in Gold as the mid term structure keeps printing higher highs and higher lows. From the lows back in March 08 around 1675

1H Chart Analysis
After making a new higher high yesterday, price dipped back to retest the lows of the immediate bullish structure around the 61.8% pullback of the last leg up.

We are seeing some hidden bullish divergence printed on the low time frames and bullish pressure at these pullbacks.

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Author : Orlando Gutierrez

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