Gold Spot / U.S. Dollar

Short

Gold Short | ascending triangle

Updated

Ascending triangle

Note

Will see a short bounce off the trendline

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Expecting the drop this week

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Looks like its above 1700 and planning to stay there until the markets turn around

Trade active

Markets will be pumping this week and next. What will happen to gold? Drop. Why? Its no longer a safety. It does nothing, you buy it when you have nowhere else to put your money.... and when you find a better place to put it, you sell it!

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snapshot

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What a candle

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