empty
 
 
29.05.2020 02:05 PM
Analysis of Gold for May 29,.2020 - Strong momentum to the upside and potential for further upside continuation. Upward targets set at $1.735 ad $1.753

Corona virus summary:

This image is no longer relevant

The number of Americans who have lost their jobs in the past 10 weeks soared to more than 40 million as the number of unemployment claims continued to rise with 2.1 million people filing for unemployment last week.

The staggering job losses mark a grim milestone in theeconomic crisis that has gripped the US since the coronavirus triggered widespread shutdowns and stay-at-home orders in an effort to halt the spread of the deadly pandemic.

The latest figures from the Department of Labor show that the rate of new unemployment claims has continued to fall over the last few weeks, down from its peak in early April, when 6.6 million Americans filed for unemployment in a single week.

Technical analysis:

Trading recommendation:

Watch for buying opportunities on the dips and upward targets at $1,735 and $1,753.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback