An epidemiological threat such as the new coronavirus, which causes the disease COVID-19, can have disruptive effects on the economy. It can disrupt the global supply of goods, making it harder for U.S. firms to fill orders. It can also waylay workers in affected areas, reducing labor supply on one end and on the other slow the demand for U.S. products and...
Gold is a safe alternative when the US dollar is depreciating in value. Currently, the US dollar is falling due to a number of fundamentals such as the Corona crisis which is hindering the economic cycle of events. I would still go long on the XAU/USD regardless of it being in the reversal zone.