27.03.202015:34 Forex Analysis & Reviews: Analysis for Gold 03.27.2020 - Buying still favorrarble because of the breakout of the Mini pitchfork channel. Upward target is set a the price of $1.698

Corona virus news:

The British prime minister has tested positive for coronavirus

The British prime minister Boris Johnson has tested positive for coronavirus and is exhibiting "mild symptoms". In a video posted on Twitter, Johnson confirmed he had developed mild symptoms – "a temperature and persistent cough" – over the last 24 hours. Johnson, 55, said he was now self-isolating and working from home and would continue to lead the national fightback against the virus.The donations platform has already met its original target of raising USD 11,000 to "purchase the core infrastructure and medical equipment" for a medical center "for COVID-19 pre-triage," with any excess funds used to "provide medical staff with the personal protection they need."

Technical analysis:

Gold has been trading upwards as I expected. The price reached our yesterday's first target at $1.642 but I still see further upside continuation.

Watch for buying opportuntiies with the next upward target at the price of $1.698. The breakout of the mini Pitchfork down channel would be good entry signal.

MACD oscillator is showing positive reading above the zero and the slow line is flat.

Resitance levels are set at the price of $1.642 and $1.698.

Support levels and downward targets are set at the price of $1.612 and $1.590.