Almost 3 months ago I gave gold targets of 47500 -46000 which was further updated to 42000-40000, Gold hit low of 43621 , but now with increasing spread of Covid-19 again gold is gaining some support. As per daily chart of Gold mini, above 45200 gold can retest 46000-47500-48000 levels and if trades above 48550 targets will be 51500.  Have a look at daily gold chart


In case gold fails to sustain above 45200-250 a sharp decline towards 44200-43200 to 42200 can't be ruled out.