Cases and deaths continue to increase in: the Chinese mainland, South Korea, and Japan. This is what overlooks investor sentiment. Especially in light of the giant companies that decided to reduce their future expectations for the first quarter of this year (as did Apple (NASDAQ: AAPL)), and the auto industry remains under the weight of the virus, due to the decline in production due to closed factories.
Gold managed to achieve its main target at angle 405 and price 1622 and is trying to rise in the short term, as the price organizes inside bullish channels that appear in the above chart, noting that our next target reaches 1642
Consequently, the bullish scenario will remain likely during the upcoming sessions supported by the moving averages, taking into consideration that the break of 1622 will press the price to drop and test the support -1608-1602 before any new attempt to rise. < / p>
The expected trading range for today is between 1622 support and 1642.00 resistance.
