@Sygme6, Anything can happen in Forex Market. However current trend is very strong and could potentially take us to 1800. On the downside chances are very unlikely but will see if we have good price action next week
sebcoman
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Scenario 3 in short/medium term
HumairDawood
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@sebcoman, Potentially 2 scenarios are left to consider. Considering Bullish move up looks likely however chances for dive are still open with high risk involved.
sebcoman
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@HumairDawood, maybe within 1mth there's another slight correction, but not out longer than that. But scenarios 1&2 don't fit into macro environment +2/3mths from now. In this depression we're in, there's 4 D's: Deflation, Dollar strength, Demographics and Debt. It's like the 1930s
This is a perfect setup for Gold.
HumairDawood
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@sebcoman, Agreed it looks like it may give us opportunity to buy later.
sebcoman
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@HumairDawood, yes, should do. top end of its range today. sell some. wait for a correction to buy more.