Putin says that his daughter has been vaccinated from the coronavirus
Says that Russian health ministry has approved coronavirus vaccine developed by Moscow's Gamaleya Institute
- Says hopes Russia will start mass production of coronavirus vaccine
Take what you will and believe what you want from the headlines above, but this may lay the groundwork for other countries to start prepping their own "breakthroughs" sooner rather than later. As with everything related to the pandemic thus far, all it takes is for one country to set a precedent and the others will take that as an opportunity to follow.
As I discussed in the previous review, the Goldmanaged to drop as I expected in my previous anlaysis.
The level at $1,980 seems like solid support and it will serve like very important pivot.
Further Development
Analyzing the current trading chart, I found that the sellers are in total control but that Gold might be temporal exhausted at $1,980. Anyway, I see no big divergences yet and I see potential for even more downside towards the $1,960 and $1,940.
Selling opportunities will be preferable on the rallies....
1-Day relative strength performance Finviz:
Based on the graph above I found that on the top of the list we got Lean Hogs and DAX today and on the bottom VIX and Silver.
Gold is showing very weak relative strength and it is on the bottom of the list from all markets, which is another indication for the strong downside pressure...
Key Levels:
Resistance level: $2,015
