📝 Comments about GOLD on July 8, 2020:
‼ ️ About news:
- New cases continue to rise, leading the United States to
surpass 3 million people and reach 12 million globally, putting enormous pressure on hospitals, accompanied by the closure. Interim State Headquarters in Sacramento to conduct disinfection process. Besides, the rise of cases will put pressure and hurt the economy more seriously and there will probably be more stimulus measures to support the economy to overcome difficulties. This has caused the dollar to fall back, gold rose yesterday.
‼ ️ About techniques and personal views:
- Yesterday, Gold continued to break down the zone of 1787,1789 to move up to 1797 as analyzed yesterday. This is also a sign that the Gold price will continue to increase to the higher area of 1820 as shown. Today the mainstream will be the buy watch for Gold when Gold makes a correction this Asian session,
- In this Asian session, we can sell short-term down to GOLD from the current price of 1794 until 1785. When gold reaches this price range, we will wait to establish a buy status for Gold. The ideal regional expectation to establish a buy position is 1779-1783.
- The daily support zone of the gold is 1779-1783. The target for today is 1804 and beyond is 1820.
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