Gold GBP is showing Cup and Handle, there is no divergence recorded in RSI
If you're observing a bullish trend in the GOLD/GBP pair and it continues along a trend line, that suggests a favorable outlook for the price of gold relative to the British pound. Here's how you might interpret this situation, Remember that trading involves inherent risks, and no strategy guarantees success. It's crucial to conduct thorough analysis, use proper...
I have published my ideas for a bullish uptrend for XAUUSD this week 1. Chart shows a clear uptrend and certain support zones have been respected 2. Overall outlook looks bullish and this trade is in my eyeliner for this week 3. Three clear Tp's to work from and if we break TP3 I see a clear run to the 2080 area again 4. Will keep an eye on international...
Looking for a nice retrace into our golden zone ready for a bearish move down to take out the low
Hi all, Here we have GOLD/GBP, I believe we my have a start of a new trend with a bullish run, we seem to have caught the pullback ( came to the 0.618 on the FIB) which is a good confirmation and the previous support on the 4HR time frame. Both the DAILY and 4HR time frames have a bias of long which leads me to believe that we could could catch a good few pips...
XAUGBP is in bullish trend as it is making higher highs and higher lows.
That rising channel for Gold priced in British Pounds is very close to breaking. #gold #gbpusd #fintwit
XAUGBP - Bearish rectangular pattern signals bearish trend continuation in case of breakout.
XAUGBP breaking the bearish structure & and is now creating higher highs. Also sitting on strong support which has been been hit numerous times
- Upside continuation - Trend line re-test - Confluence zone
Bullish Trend. No Divergence Sentiments are Bullish British Pound Index(BXY) Looking weaker Take 1% Risk of your whole Account Entry Point: 1610.428 Stop Loss: 1598.89 Take Profit 1: 1621.52 Take Profit 2: 1633.49
Gold very briefly hit a new high today but the candle is a shooting star on the 12 hour chart so perhaps indicating a failed breakout.
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...
Long term breakout in XAUGBP With banking crisis and collapse of couple of banks in US, there’s flights to safety And Gold Bullish action in play again
Today the price of gold in British Pounds has exceeded the previous all time high breaking the top resistance line. I will now look for a re-test of that level to see whether or not this is a false breakout.
Quite a solid breakout on the XAUGBP chart after 4 previous fails, will keep an eye on this to see if it is sustained and then look at opening Long positions
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.
Approaching a level of high resistance on Gold vs GBP however expecting that if the price clears 1600 then it will continue to rally towards the upper trendline.