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RE: 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.