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01.07.202013:18 Forex Analysis & Reviews: Analysis of Gold for July 01,.2020 - Strong upside movement of the bullflag as I expected. Still potential for more upside towards the $1.820

Corona virus summary:

Exchange Rates 01.07.2020 analysis

The United States again reported a record one-day increase in corona virus cases on Tuesday, with 44,358 new corona virus cases confirmed in the country, according to corona-virus database the Covid Tracking Project, as infections surge across the country, which is the worst-affected worldwide in terms of cases and deaths.

Technical analysis:

Gold has been trading upwards. As I expected, the price is heading towards our main upward target at $1,820. I still see further upside movement and no indication of reversal yet.

Trading recommendation:

Main target is set at the price of $1,820

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Petar Jacimovic,
Analytical expert of InstaForex
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