lofihenny

big bear trap on gold, now approaching top channel trendline

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
price is probably climbing fast due to shorts covering.
there was no reason for gold to trade that low.
dollar collapsing, bitcoin rising, other commodities are bullish too.
dont see much of a bear case for gold here.
definitely would not short this.
looking for a breakout here.
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