That's what I'm looking for on swing longstoo but I'm too impatient to wait for the market to open tomorrow and provide a better opportunity lol
On long time frames the markets (not gold) have collapsed below levels of weekly, monthly... etc, hence why it's turned bearish. Recoveries will take a while, often bouncing then falling again, it's all part of mechanical positioning similar to what you alluded to....
The bounce becomes a dummy bounce because it's premature where all the time frames have not lined up. Wont go into detail as it's giving too much away.