Gold prices managed to make some gains during the Asian session after doubts surrounding the spread of the virus globally, and hopes for the Federal Reserve to reduce interest rates.
Technical outlook
On the technical level, gold bounced from angle 270 to angle 180 (1568 - 1608), respectively, to form a circular pattern that targets 1549 to angle 315 near the daily trend of bottoms 22-5 and 10-12 for the past year. < / p>
Success by breaking the corner 315 means the drop to 1528.90 areas to end the 1689 summit time cycle.
On the other hand the continuation of the current rise and exceeding the angle 180 and the price 1608 opens the way for a visit to 1628 before the continuation of the decline of our goals.
