Relevance up to 07:00 2020-05-15 UTC–5
Corona virus summary:
Gold has been trading upwards as I expected. The Gold is breaking the pivot high at the price of $1,711, which is good sign for the further upside. I still expect upside movement and breakout of the the larger symmetrical triangle pattern in the background.
Watch for buying opportunities due to the intraday up-cycle and potential for the breakout of the symmetrical triangle.
The upward targets are set at the price of $1,746 and $1,790.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Performed by Petar Jacimovic,
InstaForex Group © 2007-2020
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