Gold price action remains muted despite the stock market crashing, global events like trade war, syrian attack. Its been trading in a very compressed range 1300-1350 range since the start of year 2018. Last 4 trading sessions price is making higher high and higher lows which shows the confidence of the players. Price maintains above 200MA since 2018.
Its time to Buy IDEA for Medium Term when no one is interested in Buying and Sentiment is at the Extreme. But on the larger scale instead of selling stock is consolidating that says selling pressure is weakening
The British Pound is rallying sharply this morning as UK Prime Minister Theresa May has formally announced that the government will seek parliamentary approval to trigger Article 50, the legal mechanism by which the UK could leave the EU