Long XAUUSD
Updated
XAU droped as virus fears abate. My numerical analysis shows 60,000 infections by 13 Feb and 400,000 infections by May! So how could WHO say it is not a pandemic! What is wrong with WHO! Goldman Sachs estimated that the GDP product growth this year could fall by 0.1-to-0.2% even if infections slows significantly in February and March. Fundamentally XAU is bullish so as it was dropped from H&D at least it could see fib lvl 0.382
Note
German and UK PMI could be a game changer for a day or two. If PMI's show signs of growth XAU could drop more.
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