FX.co - Analysis of Gold for May 26,.2020 - First downside target at $1.721 has been reached. Second target is set at $1.715

2020-05-26T12:09:13

Relevance until2020-05-28

Analysis of Gold for May 26,.2020 - First downside target at $1.721 has been reached. Second target is set at $1.715

Corona virus summary:

Analysis of Gold for May 26,.2020 - First downside target at $1.721 has been reached. Second target is set at $1.715

WHO warns of 'second peak' in areas where Covid-19 is declining

Technical analysis:

Gold has been trading downwards as I expected. The Gold reached my first downward target at $1,721 and is testing the support. Further downside move can lead us for test of $1,715 or $1,700 zone.

Trading recommendation:

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

#Technical analysis #Gold #COVID-19

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ Analysis of Gold for May 26,.2020 - First downside target at $1.721 has been reached. Second target is set at $1.715

Forex Analysis

Analysis of Gold for May 26,.2020 - First downside target at $1.721 has been reached. Second target is set at $1.715

WHO warns of 'second peak' in areas where Covid-19 is declining