FX.co ★ Analysis of Gold for June 16,.2020 - Watch for potential downside movement towards the lower extreme of the trading range. Possible test of lower end of the range at $1.670

Corona virus summary:

Spain is considering introducing a quarantine rule for UK visitors when the country reopens its borders to EU and Schengen area members on Sunday, the foreign minister has said.

Technical analysis:

Gold is trading sideways at the price of $1,725 in the big trading range. Anyway, I found that there is potential for the downside towards the low extreme of the trading range at $1,672.

Trading recommendation: