XAU/GBP

With the doom and gloom of Brexit bringing the destruction of the GBP, one could expect to see XAU/GBP charging beyond. 

Elliott theory could throw a spanner or two and impede the progress.

The situation of XAU/USD would appear to be hampered by the uplifting of DXY due to the shunning of the bonds of the counter-parties in favour of US bonds.

A weaker USD appears to require that the US assists counter-parties by helicopter donating monetarily to them instead of selling bonds. Economics can be easier than Central Bankers know.