Gold/GBP breaks head and shoulder after BOE status quo decision

GOLD / BRITISH POUNDICE

Description

⋅ Jul 14, 2016 11:04 AM

Bank of England kept interest rates unchanged, dashing calls for a rate cut. Sterling is on the rise and of the side effect is a bearish break from the head and shoulder pattern on Gold/GBP or XAU/GBP chart.