$XAU On the daily timeframe, it looks like it has already retested three times, and I don’t know if it can hold. Also, the rebound so far hasn’t come with increased volume. On the 1-hour chart, it looks like it’s consolidating and trending upward below; I don’t know if it can form a rounded bottom. If the 1-hour chart can’t break through with volume, then this won’t be a bottom. Gold’s next support is at 3300.

XAU-0.90%
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