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AlgoVenture

Gold: Weekly Forecast 27th - 31st Jan 2020

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
AlgoVenture  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Beyond Technical Analysis Gold XAUUSD weeklyforecast dlifestyletrader
10
0
trendanalysis beyondta gold xauusd weeklyforecast dlifestyletrader
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.

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