- Outbreak seems more localised this time than it was in March, April
- Working hard to get a vaccine
- We feel they must be on the verge of getting one
Johnson trying to ease concerns and continuing to defend the strategies the government has employed in curbing the spread of the virus. The numbers pretty much speak for itself but stuff like thisertainly doesn't lend much confidence to the public either.
As I discussed in the previous review, the Gold managed to complete the downside correction ABC major, which can open the room for the another upside swing.
Further Development
Analyzing the current trading chart of Gold, I found that the buyers are in control today and there is potential for the higher prices.
My advce is to watch for buying opportunities on the intraday pullbacks with the upside targets at $1,916, $1,932 and $1,953
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Natural Gas and Crude Oril today and on the bottom Lumber and Orange Juice
Key Levels:
Resistance: $1,915
Support level: $1,89
