Gold: Weekly Forecast 27th - 31st Jan 2020
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.
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.
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