Gold possible discount Buy

29 Oca 2020

U.S. Interest rate decision incoming. Risk on took a break from selling off after starting the week very weak. WHO claims China will be able to contain the coronavirus and will reach it's peak in 10 days before getting better. U.S. Consumer Confidence was better than expected and the 10Y Note rose over 3%. With the market's sentiment still uncertain as RBNZ's Hawkesby acknowledged the potential downside risk to the global economy. This area could be a make or break moment for fresh buyers, but I should note it's best to wait for the next 4H close to see how Gold is really going to react in this Zone. $1,575 - $1,578 would be a good target should bulls catch a bid.