FX.co ★ Analysis of Gold for June 04,.2020 - Downward target reached from yesterday. Watch for selling opportunities with the potential for re-test of $1.690

News:

Kim Yo-jong, the powerful sister of the North Korean leader, Kim Jong-un, has warned South Korea to stop propaganda leaflets coming over the border, warning it could wreck an agreement to reduce military tensions.

Technical analysis:

Gold has been trading downwards. As I expected, the price tested the level of $1,690 and reached my main downward target from yesterday. Today, I found the rally but it can be just the correction for further re-test of the low.

Trading recommendation:

Watch for potential selling opportunities on the rallies. The downward targets are set at the price of $1,690