It's a Bull Trap. Gold will rise until Febuary 2017 and then move downwards until 500 bucks per ounce. Quantitative Easing. Baby.
RE: Investment Advice: Why I am "Bullish on GOLD" return of GOLD era
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Investment Advice: Why I am "Bullish on GOLD" return of GOLD era
Yes It can be a bull trap. But I suggest that keep moving your stop loss up as GOLD go up. This will make sure you are not trapped in bull trap.
For example: If you bought GOLD at $100 and your stop loss is $90. If GOLD moves to $150 move your stop loss to say $130. So when market move down then you are protected.
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