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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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.