Analysis of Gold for June 05,.2020 – Potential drop incoming towards the $1.680

Corona virus summary:

ritish pharma giant ‘on track’ to roll out 2bn vaccine doses if trials successful

Technical analysis:

Gold has been trading downwards. As I expected, the price tested and rejected of the level at $1,720. I see potential for the downside rotation towards the levels at $1,694 and $1,680.

Watch for potential selling opportunities due to downside rotation

Stochastic oscilalator is showing the fresh bear cross, which is another indication for the downside movement.

Source: Analysis of Gold for June 05,.2020 – Potential drop incoming towards the $1.680

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