shortsjust increased their position by 40% over the last 2 weeks. $5.50 calls expiring Aug 20 has a significant number of open interest....they will probably keep holding it down until the calls expire...but will have to cover eventually because the chart for gold price is undeniably bullish...perfect hammer candle with double backtest the trendline from August 2020. Triple bottom at $1694 which is the 61.8% fib.
The stars are coming into alignment for the next leg up...There is still a small chance of one more dip. Still two weeks left in August.