FX_IDC:XAUUSD   Gold Spot / U.S. Dollar

gold has been in a massive downtrend and has a high possibility of continuation due to the coronavirus and Panic to cash conversion. We recently did just break the green resistance line which could lead to an uptrend but it’s to early to tell. Would recommend to stay away from gold until you have a clear directional signal. Still possible to be short but for now I’m away from gold.

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