dibz1996

XAU/GBP GOLD GBP

Long
OANDA:XAUGBP   Gold/GBP
Cup and handle patterns, weakness in stock's will transfer too gold! gold priced in GBP has been out performing USD. this is mainly due to the dollar being a reserve currency. the dollar has maintained its strength using other countries as collateral. higher devaluation in GBP we will see a higher increase in GOLD. only have too look at gold/lira as a prime example. gold is money! fiat is bankers IOU's

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