Looks like Gold is respect That support....It Trapped the sellers with that spike two weeks ago and now just a retracement to form the 2nd leg of the W pattern.
Note
Its so much clearer when you look at the bigger timeframes
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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.