Gold Futures (Aug 2020)
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Gold showing strength

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Given weakness of dollar and necessity to hedge against the overextension of equities (which are really driven by FANGMAN, very weak this week), the 'pet rock' is showing strength.

Since Tenkan crossed Kijou over the Kumo on June 19, the uptrend has been sustained, and another push towards 1850s is possible, especially as daily RSI remains above 60

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