Corona virus summary:
The World Health Organization (WHO)hopes hundreds of millions of doses of coronavirus vaccine can be produced this year and 2 billion doses by the end of 2021, chief scientist Soumya Swaminathan said on Thursday. The WHO is drawing up plans to help decide who should get the first doses once a vaccine is approved, she said. Priority would be given to frontline workers such as medics, those who are vulnerable because of age or other illness, and those who work or live in high-transmission settings such as prisons and care homes.
Technical analysis:
Gold has been trading sideways at the price of $1,723. Anyway, I see potential for the downside movement due to fake breakout of yesterday's high at the price of $1,732.
Watch for potential selling opportunities on the rallies using the intraday frames 15/30 minutes for better entry. Take profit levels are set at $1,703 and $1,672.
Stochastic got the downside cross, which is another indication for the downside movement.
Resistance levels are set at the price of $1,723
