FX.co - Analysis for Gold for May 15,.2020 - Massive upward momentum and our first target at $1.746 is reached. Still more chance for the upside and test of $1.789

Forex Analysis:::2020-05-15T12:57:29

Analysis for Gold for May 15,.2020 - Massive upward momentum and our first target at $1.746 is reached. Still more chance for the upside and test of $1.789

Corona virus summary:

Analysis for Gold for May 15,.2020 - Massive upward momentum and our first target at $1.746 is reached. Still more chance for the upside and test of $1.789

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.

Petar Jacimovic

Analyst InstaForex

Author articles

#Technical analysis #Gold #COVID-19

FX.co ★ Analysis for Gold for May 15,.2020 - Massive upward momentum and our first target at $1.746 is reached. Still more chance for the upside and test of $1.789

Analysis for Gold for May 15,.2020 - Massive upward momentum and our first target at $1.746 is reached. Still more chance for the upside and test of $1.789

China marks one month with no new coronavirus deaths announced