Precious Metal::: The Chinese administration has taken necessary steps to cushion their economy as it has been deteriorated hardly by the attack of Coronavirus. The employees have resumed moving to their workstations, which has continued the supply chain that was disrupted. However, the financial institutions are still in awe of rising pricing of precious metal as the Chinese economy is going to deliver a major plunge in their economic activities this quarter. On hourly scale, MCX Gold is trading near the kissing distance of its potential resistance that is placed at 40,724 levels. RSI is trading at 60.52 levels showing no signs of divergence and oversold.