Gold: Weekly Forecast 27th - 31st Jan 2020

182
The gold climbed on rising demand for safe-haven assets amid China's coronavirus outbreaks.
The yen also climbed this morning as USDJPY gapped lower, strengthening the outlook of the demand for safe-haven assets.
As such, we can wait for the price to pull back, looking at 1572 - 1567 to buy again.
The 55MA can act as a support in the H1 chart as the price pulls back.

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.