as you can see here by the fib setup up off of previous support from last year's last monthly quater support level to the high of the previous high of 2019's first quater. you see signs of lower lows forming while also seeing price reaching for new lows to complete a stronger structure. Gold is a strong commodity to trade and this why i see price dropping to lower lows in the next yearly quater.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.