XAUGBP Settles at 30 minute POC. Augurs well for bullish move
The clear "P" shape of the profile and recent news of high profile investors selling banks and buying gold miners suggest quite a strong opening this week in gold.
I find the GBP gold price to be less prone to being pushed around by competing trading strategies that can muddy the USD gold price.
Significant upside to above GBP1580 while unlikely, cannot be ruled out this week, on my read.
I find the GBP gold price to be less prone to being pushed around by competing trading strategies that can muddy the USD gold price.
Significant upside to above GBP1580 while unlikely, cannot be ruled out this week, on my read.
Capital can always be turned into income. It is not so easy to turn income into capital.