Corona virus summary:
Texas Covid-19 cases hit all-time daily high as Houston hospitals near capacity. Texasrecorded an all-time daily high of 5,489 new Covid-19 cases on Tuesday as hospitals neared capacity in Houston. The dramatic increase in cases prompted the governor, Greg Abbott, to tighten public health restrictionsafter resisting calls to slow the state's reopening process. Cases have steadily increased in Texas since March, but a surge in the past two weeks has activated concerns about the state's ability to respond.
Technical analysis:
Gold has been trading sideways at the price of $1,760. Anyway, I still see strong upward trend in the background and potential for bullish continuation towards the levle of $1,779.
Trading recommendation:
Watch for potential buying opportunities near the support at $1,758. The rising trend line in the background and successful rejection of the support are bi signs for the further rally.
Upward target is set at the price of $1,779.
