Coronavirus, Powell and Gold
The number of cases and deaths by the new coronavirus have escalated quickly. However, the fears subsided and the stock market rebounded. How did gold perform, and what can we expect from the king of metals next?
Gold New York Price Forecast: XAU/USD bulls looking for a break above 1577 resistance
Gold daily chart
Gold is trading in an uptrend above its main daily simple moving averages (SMAs). XAU/USD is evolving in an upward channel while the market is being supported above the 1560.00 figure.
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