Probably depends how you view the gold chart. Intraday chart showing a higher lows and higher high in a trend channel. The danger is if the higher high starts to peak forming a range and then traders will see the bear flag and any trendline break could be the trigger for a new cascade rounds of selling. I am not confident the price will just continue to form a V shape recovery but stranger things have happened.
For me no harm in waiting as it doesn't cost anything except opportunity cost! Be safe in these uncertain times.
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