Corona virus summary:
Concerns that Donald Trump's inner circle might pressure the Food and Drug Administration (FDA) to rush a coronavirus vaccine to market in time for the presidential election have risen after the White House attacked the agency for reversing itself on an experimental drug treatment.
Critics say that the FDA's decision in April to approve hydroxychloroquine for emergency use – an approval that the agency revoked last Monday – demonstrated that the regulator is vulnerable to political pressure from the White House.
Technical analysis:
Gold has been downwards most recently.The price tested and rejected of the level at $1,742. I see potential for further upside continuation due to strong bullish trend condition on the larger time-frame.
Trading recommendation:
Watch for buying opportunities at $1,745 for potential test of $1,753 and $1,758.
Support level is set at $1,742
Resistance levels and upward targets are set at the price of $1,753 and $1,758.
