The price of gold, which closes low for couple days in a row, amid reports from China that the coronavirus epidemic began to decline. In the past 24 hours, only 15 people have been infected with the virus. This may indicate the resumption of trading activity, which will lead to the growth of the Chinese economy accordingly. GOLD/USD, 30 min Pivot: 1632.00
Today, the meeting of the European Central Bank is in the focus of traders' attention. Italian Prime Minister Giuseppe Conte urged the ECB to support the economy, a source in the EU administration said. Experts interviewed by Bloomberg do not expect the European Central Bank to change key interest rates. EUR/USD, 30 min Pivot - 1.1295
The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero levels. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position 186.60 Take Profit Level: 175.00 (1160 pips) If the price rebound from the support level, you shall follow the recommendations below: Timeframe: H4 Recommendation: Long Position Entry Level:...
Gold price has stabilized after sharp jumps and new highs. The asset is highly susceptible to any reports from official sources about the coronavirus proliferation. Gold will be at its highs until some positive news come up. GOLD/USD, 30 min Pivot: 1662.70
After a sharp rise, the EUR/USD currency pair has stabilized and is being traded in a narrow range near the key resistance at 1.1451. In case of a breakdown and the price consolidation above this level, the asset is expected to keep growing. EUR/USD, 30 min Pivot - 1.1348
