#Gold- New low and reversal after? As I said yesterday, Gold is approaching a very strong support level, and considering the 1k pips drop in only a few days, a correction is probable. Yesterday's price action was very volatile, also suggesting the bottom is near. Although XauUsd could correct up without making a new low, considering the trend is strongly down, from money management and R:R perspective, only a buy in 1805-1810 would make sense. That being said, I'm looking to buy dips for a new