Corona virus summary:
The UK economy is set to be the hardest hit by coronavirus among the world's developed countries, according to the Organisation for Economic Co-operation and Development (OECD).
In its latest global economic outlook, the OECD predicted Britain's economy was likely to slump by 11.5% in 2020.
But it warned that if there was a second peak of the Covid-19 pandemic, the UK economy could contract by 14% this year.
Technical analysis:
Gold has been trading upwards as I expected.The Gold reached my first upward target from yesterday at the price of $1,721 and is heading for test of the second target at $1,744. I still see potential for further rise towards $1,744.
Trading recommendation:
Watch for potential buying opportunities on the dips using the intraday frames 5/15 for the better entry.
Upward target is set at the price of $1,744