Corona virus summary:
US officials believe China hid virus's severity to hoard medical supplies. An intelligence report by US Department of Homeland Security, obtained by AP, claims China covered up the extent of the coronavirus outbreak and how contagious the disease is to stock up on medical supplies needed to respond to it. The report follows claims by US defence secretary Mark Esper that Russia and China are taking advantage of the coronavirus emergency to put their interests forward in Europe.
Technical analysis:
Trading recommendation:
Watch for buying opportunities on the Gold on the dips using the intraday frames like 15/30 minutes. The next upward targets are set at the price of $1,716, $1,715 and $1,735.
Stochastic is showing that bullish cycle is present with no indication for any reversal yet...
Resistance levels are set at the price of 1,716, $1,715 and $1,735.
Support levelsare set at $1,704 and $1,691
