Corona virus news:
Maureen Zeman was a registered nurse for 29 years at a hospital in San Jose, California, before she was laid off with dozens of other nurses despite the coronavirus pandemic.
Dozens of states across the US have issued orders to halt elective medical procedures as part of emergency shutdowns to curb the spread of Covid-19. As a result, hospitals and medical treatment clinics across the US are implementing layoffs, furloughs, and cuts to salaries and work schedules in response to declines in revenue.
Technical analysis:
Gold has been trading upwards as I expected. The upside pressure is very strong and In my opinion Gold is heading for the test of $1.750.
Trading recommendation:
Watch for buying opportunities on the dips using the hourly or 4h time-frame with the upward target at the price of $1.750.
MACD oscillator is showing new momentum high, which is good indication for the further upside continuation.
Resistance levels are set at the price of $1.750.
Support pivot level is set at the price of $1.700.
The material has been provided by InstaForex Company – www.instaforex.com
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