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lofihenny
Dec 8, 2020 12:41 AM

big bear trap on gold, now approaching top channel trendline  Long

GOLD (US$/OZ)TVC

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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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