Gold and Gpb pairs-The “dangerous two”

In my opinion, Gold and GBP pairs have been the most unpredictable in the recent past. In fact after analysing proprietary accounts that we managed, 100% of all accounts that hit maximum allowed drawdown were either as a result of positions on gold or Gbp pairs, gbpusd being at the top of the list. However, Gbp pairs are getting more stable now that brexit is decided and done with. So we should be able to have a more stable trajectory on gbp pairs going forward. Gold however, despite gains over the past few months due to global slowdown caused by pandemic, there has still been some huge swing in prices. The overall trend is bullish but please do expect some sudden swings at all times. There in my opinion, gold too cannot be held for long term as you could easily end up on the wrong side.

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