Fundamental Analysis of the day

The number of cases that infected by coronavirus in the United States has risen to at least 65,682people bringing the total number of cases nationwide to 3.45 million cases, according to a Reuters report on Tuesday, US time. Indicates had shown that United State is the second highest number of infections since the coronavirus outbreak.

As of Tuesday, the number of coronavirus cases in Texas had risen further to 10,677, bringing the total to 284,729. A further 48 coronavirus infections were tested at the Tokyo Theater.

In California, the number of infected people increased by 10,707cases, total infection numbers rise to 346,107, which is also the state with the highest daily infection rate.

Meanwhile, In China, the number of coronavirus infections has risen to just 6 cases, according to a report released on Tuesday.

Pivot Point: 1,799

R1: 1,864 S1: 1,734

R2: 1,904 S2: 1,694

R3: 1,944 S3: 1,693

Today forecast, investor should make a long position in gold product at current price of1,792 by setting take profit at 1,819 and stop loss at 1,780.

Analyzed by: Mr. Long Samnang,Independent analyst

Disclaimer:
Goldwell Capital Co., Ltd. endeavours to ensure the accuracy and completeness of this research report. However, as the market is subject to change, the Company and our subsidiaries do not guarantee its completeness and accuracy, and the information is for reference only. Any person shall not regard such information as Goldwell Capital Co., Ltd. on leveraged foreign exchange, precious metals, stocks, and other financial products to provide real quotes, suggestions, solicitation and inducement of investment. Guests should be aware of the risks involved in the investment, the volatility of the investment market and the risk of loss can be very big, guests must carefully consider their own financial situation and investment purposes, to decide the direction of investment and the kind of investment products that are suitable for their owns.
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