Analysis for Gold for May 15,.2020 – Massive upward momentum and our first target at $1.746 is reached. Still more chance

By | May 15, 2020
InstaForex
Analysis for Gold for May 15,.2020 - Massive upward momentum and our first target at $1.746 is reached

Relevance up to 07:00 2020-05-17 UTC–5

Corona virus summary:

analytics5ebe91719bf6d.jpg

China marks one month with no new coronavirus deaths announced

China has gone a month

Technical analysis:

Gold has been trading very strong to the upside as I expected.The price is close to reach my first upward target at the price of $1,746.I stil expect the price to continue with the upside and eventually test second target $1,789.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2020

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