FX.co - Analysis of Gold for June 16,.2020 - Watch for potential downside movement towards the lower extreme of the trading range. Possible test of lower end of the range at $1.670

16 June 2020 at 12:26PM (UTC+0)

Relevance until18 June 2020 at 12:26PM (UTC+0)

Analysis of Gold for June 16,.2020 - Watch for potential downside movement towards the lower extreme of the trading range. Possible test of lower end of the range at $1.670

Corona virus summary:

Analysis of Gold for June 16,.2020 - Watch for potential downside movement towards the lower extreme of the trading range. Possible test of lower end of the range...

Spain is considering introducing a quarantine rule for UK visitors when the country reopens its borders to EU and Schengen area members on Sunday, the foreign minister has said.

Technical analysis:

Gold is trading sideways at the price of $1,725 in the big trading range. Anyway, I found that there is potential for the downside towards the low extreme of the trading range at $1,672.

Trading recommendation:

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

#Technical analysis #USD #Gold #COVID-19

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ Analysis of Gold for June 16,.2020 - Watch for potential downside movement towards the lower extreme of the trading range. Possible test of lower end of the range at $1.670

Forex Analysis

Analysis of Gold for June 16,.2020 - Watch for potential downside movement towards the lower extreme of the trading range. Possible test of lower end of the range at $1.670