Monday, 13 July 2020

Daily Gold Market News & Analysis

📝 Commenting on Gold July 13, 2020:

️ About news:
- Speaking to Fox Business Network Mr. Trump said: "I fully support the mask". Mr. Trump added that he "likes" his appearance when wearing a mask, which looks like the Lone Ranger. This has been unprecedented since the outbreak of the disease and at least Trump has changed and will positively impact his previous supporters.
- In addition, from my subjective point of view, we are entering the days of being considered the peak of an epidemic. And if further vaccine progression will bring positive signs in disease control.
- This week there will be US economic data will also be published such as CPI, industrial output, retail sales, unemployment benefits ... if this index continues to show In the extreme, DXY will be supported and GOLD will have corrections this week.

About techniques and personal views:
- I still keep my opinion as Friday morning analyzed as last week, Today Gold can retest the 1803 -1806 price zone to reduce points again and the target is also the Gold support zone on 1788 - 1781. .
Specific strategies have been updated.

(Show the gold price when analyzing at 1803.5)

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