Safe Haven demand put on hold / XAU

30 Mar 2019

We have what appears to be a H&S pattern on the daily timeframe, with risk sentiment remaining positive in equities we can expect further decline for safe haven flows. US & China trade talks have picked back up on a positive note and DXY has remained firm against G10 counter parts, keep a close eye on the 1300.00 handle failure for P/A to stay above this area can result in a solid short opportunity.