FX.co - Analysis of Gold for May 20,.2020 - Strong reaction from the support at $1.725. Potential for upside movement towards the $1.784

2020-05-20T11:36:15

Relevance until2020-05-22

Corona virus summary:

Analysis of Gold for May 20,.2020 - Strong reaction from the support at $1.725. Potential for upside movement towards the $1.784

Spain makes face masks compulsory

The Spanish government has confirmed that the wearing of face masks will be compulsory from Thursday

Technical analysis:

Trading recommendation:

Watch for buying opportunities on the pullbacks using the intraday time-frames 15/30 minutes.

Main upward targets are set at the price of $1,765 and $1,790.

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

Analytical expert

Petar Jacimovic