CapitalGoldTrading
Long

£1200 next for GOLD

OANDA:XAUGBP   Gold/GBP
Gold priced in GBP£ is nearing all time highs as the British pound continues to see bearish sentiment.
Will we See gold break all time highs and hit £1200 per ounce??
we are currently seeing some consolidation as the market decides on what to do next, we may see a pullback towards our Fibonacci support and previous resistance area before a move higher.
It wasn't so long ago where gold was trading at $1200 Dollars. The pound is very weak just now due to Brexit uncertainty, we may even see the BOE step in to stop the fall if it continues lower.
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