£1200 next for GOLD
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.
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.
Disclaimer
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.