29.06.202013:44 Forex Analysis & Reviews: Analysis of Gold for June 29,.2020 - Upside channel in control and potential for the bigger rally towards the $1.800

Corona virus summary:

Chinese authorities have put almost half a million people in Hebei province, which surrounds Beijing, under lockdown as a fresh outbreak in the capital continues to fan fears of a second wave of the coronavirus. Anxin county, about 145km (90 miles) from Beijing, has "sealed off" residential areasand restricted people from leaving their homes.

Technical analysis:

Gold has been trading upwards as I expected. The price tested the level of $1,776. I see further upside movement and potential rise towards the $1,800-$1,820.

Trading recommendation:

Watch for buying opportunities on the dips due to strong upward trend and the rising trend-channel.

Most recently I found bull flag pattern in creaction, which is another sign for further upside continuation

Upward targets are set at the price of $1,800 and $1,820