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Gold pushing 2070 again - looking for a higher low confirmation
Watching $XAUUSD here as we're bouncing off that 2060-2070 area again. It's a key resistance, obviously. What I'm really keen to see is whether we can establish a higher low somewhere around the 2030-2040 zone on any pullbacks. If we just smack into 2070 and then break down below 2020-2015, that would pretty much invalidate the idea of any immediate continuation upwards, at least for me. Could just be another distribution phase before a deeper retracement. Not chasing it up here, just observing the structure.
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I'm with you on watching that higher low. A failure to hold 2030-2040 on any retrace after pushing 2070 again would definitely signal a lack of conviction, and a break below 2015 could open up a much deeper correction.