Bearish is stronger than bullish for a day or two wait for break
Based on my numerical analysis on Feb 3 (14,000 infections), number of Wuhan coronavirus infections on February 5 was 20,000 which was true. This number was rising on polynomial order 2 and 40,000 infections was predicted on Feb 10 which was true again. However, today's number of infections is 45,000 that shows this number is increasing linearly for 2 days. This is a good stage for controlling the virus. The economy slowdown continues as many companies halted their activities but it may pump gold later on when more signs of slowdown reveals. So for a day or two, it is possible that gold price break the trendline, then break the H&S neckline and fall to next support line. wait until the break!
Note
CNN updated number of wuhan coronavirus infections as 60,000 as I previously predicted! Long XAU! Long
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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.