“Can you please give me the key to charting gold bullion in GBPs from your chart library. Many thanks in advance”
Thank you for this question which may be of interest to subscribers. Gold tends to do best in a negative real interest rate environment and when it is appreciating against most currencies.
There are a number of charts for gold in various currencies in the Chart Library. The easy way to find them is using the ticker code for gold as a currency which is XAU. Using XAU as the search term you will find charts for Gold in South African Rand, Indian Rupee, Swiss Franc, Brazilian Real, New Zealand Dollars, Swedish Krona, Singapore Dollars, Japanese Yen, Turkish Lira, Chinese Renminbi, Euro, British Pounds and Australian Dollars.
The impressive rebound in the Pound over the last couple of sessions on improving sentiment relating to a Brexit deal is pressuring the gold price for British investors. That increases the potential for a reversion back towards the mean which currently sits at £1084. That area no coincides with the upper side of the three-year range and is a natural area when some bargain hunters may come back to dominance.