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GOLD / BRITISH POUND

Gold/GBP and GBP/USD chart confirms rate cut is priced-in

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The fact that we have GBP bullish formations on the Gold/GBP and GBP/USD pair a day ahead of the possible rate cut move clearly indicates an interest rate cut has been priced-in by the markets.

Gold/GBP - Head and Shoulder formation

GBP/USD - Inverse Head and Shoulder formation
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CommoditiesCurrenciesForexGBPGBPUSDGoldtradingxaugbp
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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.