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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