March 24, 2020
By Orbex
The precious metal made solid gains on Monday, rising close to 3% intraday.
The gains came as the Fed announced its open-ended asset purchases.
Technically, the rebound is, however, met with a hidden bearish divergence.
This means that price action could give back the gains rather quickly.
On the contrary, if XAUUSD forms a base near 1534, we expect further gains to come thereafter.
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
By Orbex
