On Friday, After another outbreak of Covid-19 in the United States has infected to 177,000 per day. But Joe Biden has said no city in the United States will be lockdown as France that declares to lockdown Paris.

Monday, November 16, 2020 Moderna, the second company to report preliminary results from a vaccine test, announced its data that the Covid-19 vaccine is 94.5% effective compared to the Pfizer vaccine, which is only 90% effective announced on November 9, 2020.

If we look at the price of gold yesterday, after the announcement of Moderna Gold fell from 1894 to 1865 and then immediately rose to 1895, the price before the beginning of the drop.

Based on the above report, I personally suggest that this Covid-19 vaccine, which is 94.5% effective, is nothing new than Pfizer’s vaccine announcement. Instead, the burden is increased because the vaccine has not yet been announced for distribution, and if it can be distributed, it will be difficult to transport because the vaccine needs to be stored below -70 degrees Celsius to be effective plus the effective date is only for 30 days. If there is still uncertainty about the “Covid-19 vaccine” and there is no clue from US policy on “economic recovery package”, gold prices will soar above expectations, possibly by 1964 or 2075, the highest price while the United States has not yet fully transferred the presidency to Joe Biden. Therefore, all investors should pay attention to the transfer of the presidency of the United States, because Trump still strongly believes in the vote, he hopes to still have the right to walk into the White House in January 2021.

Trade Recommendation:

As expected, market still trade in supply and demand zone ($1915 – $1871)

• Buy option:
• Entry at $1879-1871
• Stop-loss at $1860
• Take profit at $1900

• Sell option:
• Entry at $1916
• Stop-loss at $1926
• Take profit at $1900

Analyzed by: Mr. Vuthserey Youtheara,Independent Analyst