With many measures being implemented, the economic situation in the United States improves
- 2020-05-27
The Conference Board’s consumer confidence index is back on track, according to a report released in May 2020. This is a positive sign after the economic recovery, although unemployment has not improved.
Base on survey of government agencies, US consumer confidence data rose by more than 86.6 in May from 85.7 in April.
US home prices increased by more than 1.7% in the first quarter from the first quarter of 2019 to 5.7% in the first quarter. It’s positive signs for economic recovery performance.
The New York-based US Federal Reserve plans to injects more than $ 34.50 billion in the Repo market to support and stimulate better economic.
R3 1,755
R2 1,745
R1 1,729
P 1,718
S1 1,702
S2 1,692
S3 1,675
Today recommendation, trader should sell gold 1,723, take profit 1,706 and stop loss 1,728.
Analyzed by: Mr. Long Samnang, Independent Analyst