MrAndroid

Mixed signals on Gold/GBP

FX_IDC:XAUGBP   GOLD / BRITISH POUND
This chart shows the price of gold in British Pounds, a currency that is generally weaker than the dollar. Here I think there is a pretty good parallel channel of the long term uptrend. The more near term shows a potential ascending triangle which is usually bullish. However on the RSI I see divergence in momentum compared to the more recent high.
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