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25.05.202015:26 Forex Analysis & Reviews: Analysis of Gold for May 25,.2020 - Downside cycle in progress. Potetnial for the re-test of the swing low at $1.717

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Corona virus summary:

Exchange Rates 25.05.2020 analysis

Trump had already banned certain travelers from ChinaEuropeUnited KingdomIrelandIranRussia

Technical analysis:

Gold has been trading downwards as I expected on Friday. I still see potential for the downside towards the levels at $1,717 and $1,711.

Trading recommendation:

Watch for selling opportunities on the rallies with the targets at the price of $1,717 and $1,711.

Stochastic oscillator is showing flat condition

Petar Jacimovic
Analytical expert of InstaForex
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