FX.co ★ Analysis of Gold for May 25,.2020 - Downside cycle in progress. Potetnial for the re-test of the swing low at $1.717

Corona virus summary:

Trump had already banned certain travelers from ChinaEuropeUnited KingdomIrelandIranRussia

Technical analysis:

Gold has been trading downwards as I expected on Friday. I still see potential for the downside towards the levels at $1,717 and $1,711.

Trading recommendation:

Watch for selling opportunities on the rallies with the targets at the price of $1,717 and $1,711.

Stochastic oscillator is showing flat condition