Gold is back over 959 in GBP, a line in the sand for me.
I thought this level might be lost but it has been regained. £959 is the bare minimum of the support levels from the topping process in gold in 2011-2013 so in my view is it significant. Gold is £974 today. Strangely, now it just about coincides with $1180, another key level (in USD this time).
I cannot believe it’s true.
This was the picture as of the end of 2016:
Here is the taking back of that level as of 13 January 2017:
As of 17 January, gold is nearing £1000 at £997-998.
Thanks Dave, Looks nice to me, lots of breaking out and backtesting.
https://www.tradingview.com/x/K1zrWPyD/
Thanks for the reply. Your chart definitely shows how far the recent low is above the late 2015 lows! We Brits need to keep perspective. Gold has been massive against the GBP in the last year or so.