Gold makes Stage 2A breakout in Pounds
Most people probably only look at the gold chart priced in US dollars, but for us UK based traders we need to consider the gold price in Pounds, as that's what we will be trading with.
PHGP.L is the ETF of Gold in Pounds, and last week made a Stage 2A breakout, and continued higher this week, and is now testing the near term resistance from the top of the initial Stage 1 range high, before it made a lower high. Relative performance has broken above the newly rising zero line this week the cumulative volume shows a positive increase in volume since mid October. Attached is the weekly and daily charts.
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Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.