MrAndroid

Weaker looking candles at the top on gold/GBP

FOREXCOM:XAUGBP   Gold / British Pound
Looking at the price of gold from the perspective of the British Pound which is a relatively weak currency compared to the dollar, it looks to me like the candlestick patterns hitting the top resistance line of this chart are successively weaker indicating less conviction from buyers about getting above this all time high. Indeed the latest one from this week has quite a pronounced shooting star look to it.
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