Corona virus news:
Trump said that the federal stockpile of personal protective equipment is nearly empty
President Trump is also resisting calls to issue a national stay-at-home order to stem the spread of the new coronavirus despite his administration's projections that tens of thousands of Americans are likely to be killed by the disease.
Technical analysis:
Gold has been trading upwards.The Gold is at the critical resistance at the price$1.600. I still see possibility for the further downside movement.
Watch for selling opportunities with the downward targets at $1.564, $1.552 and $1.492.
MACD oscillator is showing that the slow line is still slopping to the downside.
Resistance levels are set at the price of $1.600 and $1.604.
Support levels and downward targets are set at the price of $1.564, $1.552 and $1.492.
