Tradingview's XAUETH chart reveals an interesting evolution of Gold (XAU) vs. Ethereum (ETH):
From ETH standpoint, ETH price has again crossed Gold price, which may be a good sign.
From Gold standpoint, it looks like a head and shoulders pattern, which could lead Gold price to drop vs. ETH.
Just ask yourself what you would do if you saw the chart above without knowing anything about each of both coins, XAU and ETH, and you will have the key to the Technical Analysis.
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
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