GC1!, round bottom or break down for FX:XAUUSD by jangseohee

it has been a year of overall bears when bulls were trying to pick the bottom
for the past 2 months, gold price seems to be making a rounding bottom (unless the red support is not broken)
else we go lower

let me recall my cycle analysis

that long wick makes me feel uncomfortable about going bull

the doji is tricky
daily and monthly have bullish bias, but weekly is more towards selling
i would have higher confidence of being bullish had the doji has longer lower wick

i am keeping my short since

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