Corona virus summary:
Death toll passes 10,000, confirmed cases near 250,000, more than 80,000 recovered
Scottish First Minister Nicola Sturgeon is due to make an address as schools close
California announces a state-wide stay at home order for its 40 million people
China again reports no new domestic cases
Spain becomes fourth country to register more than 1,000 deaths, after China, Italy and Iran
Argentina imposes a nationwide lockdown, the latest Latin American country to do so
In the UK retired medics are being asked to return to work
The chancellor is preparing a wage subsidy plan to help protect jobs
Technical analysis:
Gold did traded higher but just to test the resistance at $1.515.I still see potential for downside breakout towards the levels at $1.450, $1.400 and even $1.350.
Watch for selling opportunities on the rallies using the intraday frames 15/30 for the better entry location. The first downward target is set at $1.450.
MACD oscillator is showing strong selling pressure from the background, which is strong sign of the bearish pressure.
Resistance levels are set at the price of $1.515 and at $1.556.
Support levels and downward targets are set at the price of $1.450, $1.400 and even $1.350.
