Gold Uptrend Analysis
GOLD remains very bullish on every week.
Gold is moving in a strong uptrend by forming higher highs, higher lows in 1-hour chart.
Now, Gold standing at a higher high of the uptrend line.
Soon, Gold will fall from this top zone.
EURGBP Breakout Analysis in Uptrend
EURGBP has moved in an uptrend by forming higher highs, higher lows.
A Clear Ascending Channel is formed.
Recently, EURGBP has broken the bottom level of Ascending Channel and it starts to form a lower low which shows that EURGBP got more sellers pressure.
GBP currency gains on Mini budget today conducted by UK chancellor Rishi Sunak, the expectation of statement are boosting the economy of the UK.
In his statement already announced are bonuses for training jobs, VAT cut for businesses, National Insurance cut for employers,500 pounds spending vouchers for adults, stamp duty holiday, green grants for householders, and pound 1.6billion for theatres and music venues. Those measures show the recovery of the UK economy.