For Traders

Analytical Reviews

Technical analysis

17.06.202013:18 Forex Analysis & Reviews: Analysis of Gold for June 17,.2020 - Broken upward channel in the background and poitential for further downside movement. Downward target is set at $1.6372

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Corona virus summary:

The director-general of the World Health Organisation (WHO), Tedros Ghebreyesus, has praised the UK scientists behind the the first successful clinical trial of a treatment for coronavirus.

Writing on Twitter, he said they had made a "lifesaving breakthrough" with their discovery that Dexamethasone, a low-cost anti-inflammatory drug, can save lives and be used immediately to treat patients.

He added that it was important that governments continue to track, trace and isolate every case and quarantine every contact.

Technical analysis:

Trading recommendation:

Watch for selling opportunitieson the rallies with the potential targets at $1,704 and $1,672.

Stochastic got the fresh down flip, which is another sign for the downside movement.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.