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Gold Futures - Jun 24 (GCM4)

Real-time capital.com
Currency in USD
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2,349.60
+7.10(+0.30%)
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Gold Futures Discussions

This is an melt up. A bull trap. Follow by agressive plunge. Dollar is on a long term tipping point. It is coming down bad. On march 6-7 , it rally faking a safe haven demand. It was actually due to Dollar strength which dampen gold price to fell from march 6-7. Without actually seeing dollar under radar, we got confuse as to why equities panic didnt brought up gold price at the same time. So dollar was the culprit behind. But people assume it was margin liquidation. But this dollar melt up is gonna be very short lived. When it plunge, gold will resume its long term bull cycle that has only just begin beggining of last year. This time, because qe is on the table, and its gonna devalue all fiat massive printings and bring about inflation expectation. Confidence is gonna erode in fiat. We done that in 2008. But people are waking up this time. And they are waking up to gold ! Gold alone or towards backed by gold, either way, fiat is losing value. Gold needs to be value way more than this.
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