NZD may be very attractive if Gold picks up
Hi All,
The rally in Gold is expected to start some time soon, so NZD with its present structure looks very promising because it's correlated with Gold.
We now have a three-wave decline from 0.77 to 0.65. If this ends here and Gold picks up fast, then NZD can be a license to print money, outbeating EUR, GBP on the pips-to-margin basis.
The rally in Gold is expected to start some time soon, so NZD with its present structure looks very promising because it's correlated with Gold.
We now have a three-wave decline from 0.77 to 0.65. If this ends here and Gold picks up fast, then NZD can be a license to print money, outbeating EUR, GBP on the pips-to-margin basis.
