Gold Price Forecast: Potential XAU/USD Breakout as Virus Fears Escalate

From dailyfx.com

The price of gold nears an important near-term resistance level that has capped recent bullish sentiment. The ongoing escalation of the Chinese coronavirus outbreak is now ramping up fears that the spread of the flu-like virus has spread further afield and that attempts by China to quarantine the virus have proved unsuccessful. According to the BBC, the death toll from the virus has now risen to 170, while the Chinese health authorities have said that there are 7.711 confirmed cases in the country, as of January 29. The virus has now reached all of mainland China. Fears that the virus has spread globally has prompted ... (full story)