🥇 GOLD Retest of the strong support zone

Gold in the technical pullback phase returns to the retest of the 1842 level. The price is between the key Fibonacci zones

1) Liquidity is falling ahead of the Fed press release
2) Price is testing the 1842 level, if a false breakout occurs, there is a chance for growth to the 1850 area
3) The local trend coincides with the global trend. Both of them are bullish
4) At the moment there is a chance to look for an entry point to buy by trend, but we must wait for confirmation.
5) The level of 1842 is strong enough to open a long position, but if the price fails to hold, there is a chance of going down to the 1835 area