Daily reviews

Gold is trading in the range of the lower border of the descending price channel. The inclined channel of the downward correction pattern is broken. An uptrend is formed within the overall uptrend. Also, Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy on the formation of an ascending pattern, above 1580.0. …

The pair is in a short-term uptrend amid the falling crude oil prices as a significant decrease in oil demand is expected in China due to the economic slowdown caused by the new coronavirus. If oil prices remain under pressure, this will also have a negative impact on the Canadian …