Corona virus news:
Russia has passed China in the number of new infections
Russia has confirmed 6,198 new corona virus cases over the past day, bringing the total number in the country to 87,147 in all regions, the anti-corona virus crisis center reported on Monday. This is more than the 84,500 confirmed cases in China. Meanwhile, China has denied it is spreading disinformation about the virus.
Technical analysis:
Gold has been trading sideways at the price of $1,716 . The price is trading near the support zone at $1,710-$1,702. My advice is to watch carefully for the price action around the support zone.
Trading recommendation:
The rejection of the support zone can lead us for the test of upside movement towards the $1,738 and $1,747
The downside breakout of the support zone can lead for test of $1,673 and $1,660
