On Thursday, gold traded steadily against the backdrop of growing fears about the spread of the deadly strain of coronavirus.
According to the latest data released by the Chinese government, the new virus has killed 17 people, infected hundreds. China today announced the complete closure of transport links with the city of Wuhan, which is the focus of the spread of the new virus. The authorities called on citizens not to leave the city. According to Hong Kong television authorities Macau Province, which is the city of Wuhan, have canceled all scheduled activities to celebrate the New Year according to the lunar calendar.
The World Health Organization said today that a decision on the possibility of declaring a global emergency situation at the outbreak of the new virus.
The economic calendar today, the focus will be a meeting of the ECB's monetary policy.
On the chart trading is still held at the level of 1560.00 area. Buyers reinforce upward pressure on this mark, so today as a priority considering the scenario with growth of quotations in the direction of the level of 1573.00.
Levels of resistance: 1560.00, 1573.00, 1585.00;
Support levels: 1555.00, 1542.00, 1530.00.
The main scenario - increase to 1573.00.
Alternative - the breakdown of the intraday support at 1555.00 and decline to 1542.00.
Fundamental background - moderately positive. Consider buying the instrument from the level of 1555.00.
Analytics and forecast gold FORTFS