FX.co ★ Analysis for Gold 05.12.2020 - Watch for the breakout of the symmetrical tirangle to confirm further direction.

Corona virus summary:

The WHO's emergencies chief, Michael Ryan, has hailed the gradual lifting of coronavirus lockdowns in some countries whose death and infection rates were dropping, as a sign of "hope", but he cautioned that "extreme vigilance is required".

He urged countries to boost their public health responses, ensuring they could identify fresh cases, and trace and isolate all contacts, which he said could help "avoid a major second wave".

Technical analysis:

Gold is still trading sideways at the price of $1,703.My idea from yesterday is still valid for watchinf the Gold to breakout the symmetrical tirangle in order to confirm further direction.

Trading recommendation: