CommoditiesForexMarket Review

Gold is becoming more attractive as an asset

While we saw GBPUSD surpass the target yesterday all the other pairs stayed quiet through the market session. The thing to note going into the rest of the week is that we are now expecting a weaker dollar to come in after this trading day.

This will be stronger foreign pairs against the dollar and of course the leader of the pack we expect to be gold. Gold has the potential to surpass the 2k mark this year if there are strong declines in the dollar. Paper money has always gone to zero, gold and silver have always beaten any form of fiat currency and held its value over time.

If we do get an economic collapse those who hold gold and silver will be the only ones smiling.


EURUSD: SELL

Our target is 1.0890

GBPUSD: SELL

Our target is 1.2143

USDCAD: BUY

Our target is 1.3952

GOLD: SELL

Our target is 1680.66

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