Analysis of Gold for May 22,.2020 – Resistance at the price of $1.740 is on the test. Watc hfor potential rototation downside

Corona virus summary:

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Downing Street did not rule out London emerging from the lockdown sooner than other parts of the country. Asked whether the capital could see measures eased quicker, the prime minister’s official spokesman said: “As we are able to gather more data and have better surveillance of a rate of infection in different parts of the country then we will be able to lift measures quicker in some parts of the country than in others. “And equally we will be able to put the brakes on in some parts of the country while not having to do so in other parts.”

Technical analysis:

Trading recommendation:

The material has been provided by InstaForex Company – www.instaforex.com