Corona virus summary:
Chinese authorities have put almost half a million people in Hebei province, which surrounds Beijing, under lockdown as a fresh outbreak in the capital continues to fan fears of a second wave of the coronavirus. Anxin county, about 145km (90 miles) from Beijing, has "sealed off" residential areasand restricted people from leaving their homes.
Technical analysis:
Gold has been trading upwards as I expected. The price tested the level of $1,776. I see further upside movement and potential rise towards the $1,800-$1,820.
Trading recommendation:
Watch for buying opportunities on the dips due to strong upward trend and the rising trend-channel.
Most recently I found bull flag pattern in creaction, which is another sign for further upside continuation
Upward targets are set at the price of $1,800 and $1,820
