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RE: GOLD - HUGELY BULLISH - BROKE LONG TERM DOWNTREND AND SURVIVED RETEST OF SUPPORT
What I've learnt from tech analysis is that nobody knows what will happen. In this case options let you not to guess, but use strategy with known P/L profile
I would not put this up if it were a guess. this is a MASSIVE technical event (if gold stays at or above this level for the next few days). a break of a long term down trend with a re test of the line is very strong sign that the down trend has been broken and a lot of traders will be watching this now for a bullish move.... I do agree that if you have studied options well, they are great and they allow you to hedge your risk much better than most products.