"Gold has bottomed up" is tricky

FX:XAUUSD   Gold Spot / U.S. Dollar
40 0 0
The recent strong reaction would give a hint to a possible turn in Gold             . However, it's not safe to say if Gold             has bottomed up. Behavior after Gold             comes in level range: 1120-1125 will help analyse the long-term trend. Another leg down is absolutely still possible. Stay neutral...
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