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
Comment:
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.