XAUUSD

10:11, 03 February

XAUUSD

All the stock markets came down as coronavirus threat last Friday. So it leads to up move on Gold as safe asset. Now the markets is recovering, so we may some down movements on Gold price.  

In technically, Gold has an up channel. 1567 is them main support level for this channel. We do not expect any strong selling pressure until the 1567 is breaking.  

Resistance levels: 1585 - 1593 – 1600 
Support levels: 1576 - 1571 - 1567