Gold is testing the 2019 Qrtly & Yearly support Pivots
Gold Futures so far in 2019, the high is is at the Fibonacci Yearly R1 Pivot($1350), and the low is on the Yearly Pivot($1273). Also, so far this quarter, the Quarterly Pivot(QP) is the high, and the Qrtly S1 pivot(QS1) is the low. This is key support for Gold futures($GC_F). A close below 1272 may open the door for the Qs2 Pivot below @ $1245, or Ys1 @ $1197. Computer algorithms, like to move price from pivot point to pivot point. The BIGGEST reversals during the year, happen at the Yearly Pivots.