23/08/2023
CURRENCY INTELLIGENCE
BRICS currency has been designed and is to be effective as of the 1st of November 2023. 1 BRICS=55 USD.
Knowing that this currency is backed by gold and is set to be more valuable than the dollar, what does this mean? The international trade amongst certain countries will be done in BRICS currency instead of the Dollar.... The dollar is to lose it's "golden" standard, the value will decrease rapidly.
Let us take this info and apply it in the financial markets. We know that Gold and GBP/USD move almost the same on the day to day basis, Gold being one with BRICS currency, it is set to increase in value.... ultimately the precious metal has to push to the upside(this can also be seen through technical analysis). GBP/USD on the monthly timeframe is a solid "confluential" tool to prove that this has been orchestrated somehow However. What do i mean by that? Through technical analysis, we can clearly see that GBP/USD is set to rise and we can look at this currency pair as a fraction(when one increases, the other decreases). As GBP increases in value, the dollar is set to decrease... proving that Gold backing up BRICS currency will cause a rapid increase in the currency's value(1BRICS=55USD).
My advice to you now is to wiggle out this maze(I've laid the blueprint for you) and make something out of nothing. in November, we might have the most volatile pairs to be XAUUSD, GBPUSD which will go rapidly in one trend for a very long time. This is a win for traders as we will never sell gold but buy, Swing traders should go with all they got ❤️🤟🏿