Adz_FX

Sooner or later a massive dump is coming

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
There are many of you who will be fooled into thinking this is a cheap price and will therefore BUY not knowing a huge dump is around the corner. Anyway, I think a buy trap is in force so I wouldn't be surprised if GOLD dumps further to low 1800s or even 1700s. I think that in order for Gold to come up more it needs to come down near term if we want to see gold reaching 2K. We may see a temporary bullish retracement to the 1890s-1910 but i don't believe we will see anything more near term.
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