My 40+ year professional friend sent this today. He’s absolutely correct in saying this is required for a true low, and as a precursor to a trend-change.

Gold** Weekly and Daily June ’21

Rolled to June. Support 1630-1650. Resistance initially 1756 close. There were a few positives achieved from the low seen early March. The most important confirmations of a low in place (close above 1774.2 and thereafter 1817.6) however, were never seriously approached. We can point to the weekly which suggests 1655-1668 chart support but we are going to make this simple tonight. In the last leg down on the daily from the B high on Jan 6, the market had 2 rallies of 8 sessions which are circled. A low will not be confirmed until gold rallies from a low to a high and exceeds 8 sessions. It must overbalance to indicate a change.