Gold is poised for a third consecutive close in the red as markets cheered signs of economies reopening and the potential development of a Coronavirus vaccine while disregarding increasing US-Sino tensions, as improving risk appetite boosted stocks and reduced the demand for safe-havens. Technically speaking, as discussed previously, failure to print above $1713 will confirm strong bearish momentum, favoring prints below the $1700 level in the near-term.
Support: 1700/ 1693
Resistance: 1708.50 / 1717.50
