empty
 
 
02.04.2020 02:13 PM
Analysis for Gold 04.02.2020 - Major resistance at the price of $1.600 on the test, watch carefully for prrice action nearr this level...

Corona virus news:

This image is no longer relevant

Trump said that the federal stockpile of personal protective equipment is nearly empty

President Trump is also resisting calls to issue a national stay-at-home order to stem the spread of the new coronavirus despite his administration's projections that tens of thousands of Americans are likely to be killed by the disease.

Technical analysis:

Gold has been trading upwards.The Gold is at the critical resistance at the price$1.600. I still see possibility for the further downside movement.

Watch for selling opportunities with the downward targets at $1.564, $1.552 and $1.492.

MACD oscillator is showing that the slow line is still slopping to the downside.

Resistance levels are set at the price of $1.600 and $1.604.

Support levels and downward targets are set at the price of $1.564, $1.552 and $1.492.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback