The yellow metal managed to rise during the Asian trading to penetrate the week’s heights and achieve a new high at the previous 1703.35 and fall again, areas of selling pressure are clear, but with the global situation and the reduction of interest and Corona virus, which has become a global ghost I think it may drop gold to areas of 1660 dollars to take upward momentum and return again to attack levels 1703 again.
| Resistors | 1713 | 17.22 | 1754 |
| Support | 1602 | 1558 | 1520 |
As we expected the silver to move
The pair fell from 50% Fibo levels to achieve the first expected downside targets
We think further drop to the silver to attack the 16.40 area.
