Analysis for Gold 03.25.2020 – Buying still favorrarble under the current bull trend condition. Upward target is set a the

Corona virus news:

Britain’s Prince Charles has tested positive for coronavirus and was displaying mild symptoms “but otherwise remains in good health”, Clarence House said. Charles, 71, was said to be “up and about” and in “good spirits” and had continued to work for the last few days. Doctors believed the earliest he would have been contagious was on 13 March. He last saw the Queen on 12 March, following an investiture.

Technical analysis:

Gold has been trading sideways at the price of $1.613. Anyway, there is the bullish strenght in the backgorund and potential end of the downward correction, which is sign that buyers can still continute with their buying.

Watch for buying opportuntiies with the upward targets at the price of $1.636 and $1.648.

Stochatic oscilaltor is showing rising high and fresh new bull cross, which is another sign of the strength.

Resitance levels are set at the price of $1.636 and $1.648.

Support level is set at the price of $1.590

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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