Mixed signals on Gold/GBP
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.