I really like the symmetry here for a reversal. I think markets sometimes like to end things the way they began them. This chart is reflecting that sentiment very precisely. Also the current price is in the right area for what has been in the recent past a very pivotal area for reversals in gold
. And finally, I added the 400SMA to this chart. The 100SMA and 400SMA do not cross often and when they do it generally is not for a long time period. I went back in time via the chart and highlighted these crossing. You will have to scale out and scroll back to find these hidden gems. Hope this chart finds you well.