MrAndroid

Gold priced in British Pounds stages a feeble breakout

FX_IDC:XAUGBP   GOLD / BRITISH POUND
Gold in pounds has staged a breakout from a short term triangle this week but to me it looks insipid and not powerful. The long term picture to me looks like a bearish rising wedge pattern. I will not be convinced about this being a new bull market until the all time high is solidly breached.
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