• GBPUSD : 1.23897
  • EURJPY : 118.763
  • GBPCHF : 1.19624
  • GBPCAD : 1.76539
  • GBPAUD : 2.02586
  • EURGBP : 0.88490
  • AUDUSD : 0.61146
  • USDCHF : 0.96543
  • HK50 : 23379.4
  • EURNZD : 1.83730
  • AUDJPY : 66.225
  • NZDUSD : 0.59662
  • EURCAD : 1.56243
  • CADJPY : 75.996
  • EURUSD : 1.09655
  • EURAUD : 1.79302
  • GER30 : 9778.8
  • SPX500 : 2596.81
  • EURCHF : 1.05873
  • USDJPY : 108.297
  • NAS100 : 7813.25
  • GBPNZD : 2.07587
  • XAGUSD : 14.059
  • AUDCAD : 0.87126
  • GBPJPY : 134.189
  • US30 : 22122.1
  • JPN225 : 18624.9
  • FRA40 : 3922.36
  • USDCAD : 1.42479
  • AUDNZD : 1.02465
  • UK100 : 5569.46
  • NZDCAD : 0.85015
  • USOIL : 22.465
  • AUS200 : 4717.87
  • USDCNH : 6.42822

Gold’s Analysis on March 25, 2020

Date : 2020-03-25 14:25:50

Gold’s Analysis on March 25, 2020

On Monday, March 23, 2020, US President Donald Trump unveiled plans that are considering reopening next week, following a 15-day shutdown. Even though the COVID-19 virus is spreading around the world.
Through the spread of the COVID-19, Global Central Banks have begun measures to avoid the effects caused by this virus. The Australian Federal Reserve plans to buy more than 2.35 billion dollars government bonds.



And Bank of Germany plans to inject $ 808 billion into financial markets, the Bank of Japan plans to inject more than 800 billion Japanese yen (7.3 billion US dollars) under the picture of long-term bond purchases from 3 to 10 years.

Meanwhile, Bank of New Zealand has also started begun measures to prevent the recession by purchasing up to 12 months of bonds with over $ 30 billion New Zealand Dollars equals about $ 17 billion US Dollars. 

Pivot Point: 1610
Resistance1: 1662   Support 1: 1682
Resistance2: 1690   Support 2: 1530
Resistance3: 1741   Support 3: 1502
Today’s USD/XAU Signals:
Long Trade Ideas: Traders should buy goal: 1582, Set Take Profit: 1635, Stop loss: 1550.

Analyzed by: Mr. Long Samnang, Independent Analyst

Disclaimer:
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