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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
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
