10:09, 30 January
Yesterday Gold price had moved up with FOMC meeting. Powell said that Fed ‘very carefully’ monitoring coronavirus impact. We do not expect strong down move until this the virus risk is completely gone. U.S.’ GDP data will be important for Gold price today.
Gold had broke short term down trend. Now we follow 1474 level as a first support level. But our main support level is 1560. We do not expect any strong selling pressure until the 1560 level is breaking.
Resistance levels: 1581 - 1583 – 1588
Support levels: 1574 - 1569 - 1560