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03.07.202013:28 Análise de Forex: Analysis of Gold for July 03,.2020 - Potential for the new upside leg due to strng upside trend in the background and rising channel

Corona virus summary:

Exchange Rates 03.07.2020 analysis

The German chancellor, Angela Merkel, has started making official appearances wearing a maskAssociated Press reports.

Merkel appeared in the upper house of parliament in Berlin on Friday wearing a black mask sporting the logo of Germany's European Union presidency, taking it off after she took her seat at an appropriate distance from others in the chamber.

Technical analysis:

Gold has been trading sideways at the price of $1,776. I still see further upside continuation due to strong upward trend in the background and rejection of the support.

Trading recommendation:

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Petar Jacimovic,
Especialista em análise
do Grupo InstaForex © 2007-2021
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