UK investors should buy Gold

At least that's what this chart is suggesting.PHGP is an ETF that tracks gold in sterling.Gold is priced in dollars so a weak pound would also boost PHGP's price,even if gold was flat.

Australian Index

UK Oil and Gas Sector

Here is another sector that looks weak

 

UK Banks

The UK banks sector made a perfect double top on the 50% retracement

 The 2 arrows are speed lines

Gold

Ftse

Quite a lot of technical damage done last week