Gold retesting KEY LEVEL

Gold retesting KEY LEVEL

Gold is retesting a big key level where buyers have jumped in the past (Jan. 19,20,22,27 ,28) in confluence with the 61.8% of the Jan 17-20 move but also the 161.8% of the first move of the immediate down move (pink structure)

Bullish divergence detected at today´s lows and hidden bullish divergence detected from the January 17 lows.

Price is trading above the POC ($GC, Gold Futures) of the recent base. POC is at 1838.80

Validation level: 1842
Invalidation level: 1828.80

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Author : Orlando Gutierrez

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