Low-level box oscillation may be about to see a turning point!

Recently, gold prices have continued to weaken and probe lower, with an obvious downward structure. The price is approaching the previous daily support area, and the uncertainty of the market has increased.
From the market performance, the current market is maintaining low-level oscillation. Compared with the previous rapid decline, the downward momentum has significantly weakened. The medium- to long-term trend has not shown a clear reversal signal for now. The continuous low-level oscillation only exhibits market characteristics of range consolidation and bottoming, and the bearish market cannot be viewed unilaterally.
There is one pattern worth observing in the short-term market: the low point of this decline is higher than the previous low point. Subsequently, we can continue to observe the operation of the upper pressure level of the range. Even if the short-term price breaks above the range pressure, it is only a technical repair after the decline, and cannot be directly identified as a major trend reversal. $XAU ‌