Today's Gold Market Quick Analysis

📝 Commenting on July 31, 2020:

  ‼ ️

 - US GDP decreased by 32.9% compared to the previous quarter, expected to be 34.5%, this is the figure that CNBC commented that the Great Depression did not see such two-digit decline.

 - The number of applications for new unemployment benefits in the US continued to increase for the second week in a row, plus the number of deaths in Florida and Arizona set a record last night, causing the US to continue dropping points to create a falling rhythm.  Continued, the lowest in the last 2 years this has made the XXX / USD pairs to benefit from continued gains including precious metals.

 ‼ ️ About techniques and personal views:

 - Yesterday, the price of gold fluctuated from 1970 to 1939-1943.  Yesterday mentioned that gold will move sideways and in my personal view gold will continue to move sideways today before the US session.

 - The resistance zone pushed the price of gold down in 1967-1970 and helped push the price around 1945 and further to around 1933.

 - Tonight outside of the weekend will be the last trading session of the month so it is not ruled out that there will be strong profit taking sessions to close the month candles so we should be careful with buy orders at the price in the middle of the 2  the above resistance and support areas.

Today's Market News for You

Good morning!  Have a nice day at the end of the month!

 + Check out the important news:

 1️⃣

 British drug company AstraZeneca said on Thursday that vaccine testing data is very good, it has been tested on a large scale and is considered a leading candidate in the race to win against Covid-19.

 AstraZeneca has reached an agreement with countries to create more than 2 billion doses of the COVID-19 vaccine, developed in collaboration with the University of Oxford, and said it could arrive later this year.

 2️⃣

 3️⃣

 4️⃣

 - The number of Americans applying for unemployment benefits increased in the second week in a row 12,000 applications to 1 million 430 thousand applications, a sign that the economic recovery is increasingly problematic especially when Congress approved  Your payment of $ 600 in benefits will be stopped.

Get MORE LIVE NEWS UPDATE & MARKET At Money LIFE RESEARCH

Important News Of the Day

Good morning!  Have a nice day!

 + Check out the important news:

 1️⃣ The UK will continue to be involved in many EU structures until the transition period ends on December 31, when a new agreement will be needed to avoid serious disruptions in  trade and logistics issues.

 2️⃣ GBP rebounded today as the latest UK consumer price index for June surpassed forecasts and rose from 0.5% to 0.6%.  As a result, investors have become more optimistic about the country's economic recovery.

 3️⃣ Moderna's Covid-19 vaccine produces antibodies in all patients in an initial safety trial, federal researchers said.  Florida reported a record number of COVID-19 deaths even as the increase in new infections slowed.

 4️⃣ China resolutely opposes US arms sales to Taiwan

 China's Ministry of Defense said it firmly opposes the sale of new US weapons to Taiwan because this would further damage cross-strait (Taiwan-China) relations as well as the Chinese.  Sino-American system.

 The US State Department said it approved the Patriot surface-to-air missile upgrade package for Taiwan last week, worth $ 620 million.

News create impact on Investment up & down, So Before invest go through the news Professional Team Advice 

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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