Corona virus summary:
Technical analysis:
Gold has been trading upwards. The price tested and rejected of thelevel at $1,743. I see further downside rotation towards the levels at $1,722 and $1,712.
Trading recommendation:
Watch for selling opportunities on the Gold due to overbought condiiton on the Stochastic oscillator.
I also found the breakout of the upward trendline in the background, which is another sign for the weakness.
The downward targets are set at $1,722 and $1,712.
