It seems that the increase in demand for gold does not allow a lower low to be formed. We should wait for a while and patiently enter into long postion, if we will sure of the weakness in the formation of lower low.
Note
A new lower low was formed.
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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.