01.07.202013:18 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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2020
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