Analysis of Gold for June 01,.2020 – Overbought condition and breakout of the upward trendline. Watch for potential downside

Corona virus summary: Technical analysis: Gold has been trading upwards. The price tested and rejected of thelevel at $1,743. I see further downside rotation towards the levels at $1,722 and $1,712. Trading recommendation: Watch for selling opportunities on the Gold due to overbought condiiton on the Stochastic oscillator. I also found the breakout of the […]