Trading signals

XAUUSD

XAUUSD

The gold continued its rise and hit fresh highs amid renewed fears around the Chinese coronavirus impact on the economy. Thus, Apple warned markets that the company will miss Q1 targets amid the virus outbreak.

 

The main scenario is a pull back to 1595.

An alternative scenario is an incline to 1610.

 

If the support 1600 is broken, the price may fall to 1595.

Should the mark at 1605 be broken successfully, a further extension towards 1610 could be observed further.