Everybody seems to know that Gold is going north. Some say $3000, others say $5000. But none of the people who claim this are saying 'by when'.
I have no doubt that Gold will eventually reach $5000 but I don't believe that that's gonna happen anytime soon. I may of course be proved wrong. But I'm not doing FOMO at this stage of Gold.
Have a look, why I say...
I present an alternative and perhaps unpopular perspective on ETHUSD. I'm saying that there is a risk that price on 2H and 4H time frames could spike down into the Daily trend before recovering.
The markets are there to make us feel stupid. If for example, the price rocks north now, everybody would say I am wrong. But I'm not here to be right about one position....
Price on GBPMXN is at a possible band of horizontal support. But at least it is an important structure level.
Price has also broken the 200 EMA on the weekly chart. However, it has recovered in the in recent months from such a level.
Disclaimer: This is not a recommendation or encouragement to take a position, or invest any money. GBPMXN makes both...
