Corona virus summary:
he UK's chief medical officers have agreed that the Covid-19 threat level should be lowered one notch to "epidemic is in general circulation" from "transmission is high or rising exponentially".
The joint biosecurity centre recommended the Covid-19 alert level should move from level 4 (a Covid-19 epidemic is in general circulation; transmission is high or rising exponentially) to level 3 (a Covid-19 epidemic is in general circulation).
Technical analysis:
Gold has been trading upwards today. The price tested the level of $1,733. I see further upward movement till end of the day and potential test of $1,737 and $1,742.
Trading recommendation:
Watch for potential buying opportunities on the dips using the intraday frames like 15/30 minuites for better entry location.
Support level is set at teh price of $1,727.
Rising trendline is active...
