XAUUSD Intra Day Outlook 24/04/20
Gold has been on a constant uptrend due to it playing its safe haven bid. Price seems to be respecting the ascending trendline and has broken through many previous structures cleanly. Originally with a sell bias, the Fibonacci retracement used for SELLS have been invalidated but not useless. Looking at key areas on Gold as labelled on the chart for a BUY entry.
With gold moving so strongly, I would expect the retracements be shallow.
Trader's Arena FX
With gold moving so strongly, I would expect the retracements be shallow.
Trader's Arena FX
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.