Corona virus summary:
Gold has been trading upwards. The price tested and rejected of thelevel at $1,743. I see further downside rotation towards the levels at $1,722 and $1,712.
Watch for selling opportunities on the Gold due to overbought condiiton on the Stochastic oscillator.
I also found the breakout of the upward trendline in the background, which is another sign for the weakness.
The downward targets are set at $1,722 and $1,712.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.