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Gold rises on safe-haven appeal but set for weekly drop

Gold prices rose on Friday as safe-haven buying offset a rush for cash amid fears over the economic hit from the coronavirus, but bullion was headed for a second weekly drop as investors sold the metal to meet margin calls in other assets.

Spot gold gained 0.84% to $1,482.57 per ounce after a 1% fall in the previous session and was en route to post a near 3% decline for the week. U.S. gold futures climbed 0.34% to $1,484.70.

https://www.cnbc.com/2020/03/20/gold-markets-coronavirus-in-focus.html

According to Trading Central (3rd party RIA) the GOLD IS short positions below 1545.00 with targets at 1425.00 & 1365.00 in extension. above 1545.00 look for further upside with 1590.00 & 1635.00 as targets.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10668824

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 1425
0.5€ 3,473.39€ 1,736.69€ 2,941.18
1€ 6,946.78€ 3,473.39€ 5,882.35
5€ 34,733.89€ 17,366.95€ 29,411.76
10€ 69,467.79€ 34,733.89€ 58,823.53
20€ 138,935.57€ 69,467.79€ 117,647.06

New week, same corona carnage, dollar down vs. majors, excels elsewhere, US Senate eyed

US stock futures hit limit down alongside Asian stocks, and bonds are in demand. The drop in US yields is weighing on the dollar vs. majors, with EUR/USD recovering above 1.07 and USD/JPY dropped under 110. The greenback is gaining ground against commodity currencies, oil is falling, and gold remains pressured under $1,500.

https://www.fxstreet.com/news/forex-today-new-week-same-corona-carnage-dollar-down-vs-majors-excels-elsewhere-us-senate-eyed-202003230636

EUR/USD attempting to rise over double-bottom as US yields fall

EUR/USD is trading around 1.07, after creating a double-bottom at 1.0635. US politicians failed to agree on a coronavirus stimulus package, sending investors to bonds. The dollar is falling alongside yields, while the situation in Europe is dire.

https://www.fxstreet.com/currencies/eurusd

According to Trading Central (3rd party RIA) the EURUSD IS LONG positions above 1.0650 with targets at 1.0780 & 1.0830 in extension below 1.0650 look for further downside with 1.0600 & 1.0560 as targets.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10669482

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 1.0830
1€ 3,333.33€ 1,666.67€ 1,309.00
5€ 16,666.67€ 33,333.33€ 6,545.00
10€ 33,333.33€ 66,666.67€ 13,090.00
25€ 83,333.33€ 166,666.67€ 32,725.00
50€ 166,666.67€ 333,333.33€ 65,450.00