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Gold is marching towards $1,800 – GOLD Market Outlook – 01/07/2020


Steadily but surely, Gold kept on printing higher, hitting our first resistance target at 1780 on the back of weaker than expected Chicago PMI data and US Coronavirus cases registering biggest one-day spike, rising by 47,000 as the government’s top infectious disease expert warned that the number could soon double, boosting demand for safe-havens. Volatile day ahead packed with lots of economic data, as we look to hit the 1790 and 1800 level as long as prints stay above our 1780 support level.

Support: 1767 / 1760
Resistance: 1780 / 1790

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/gold-is-marching-towards-1800-gold-market-outlook-01-07-2020
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