Because of the coronavirus pandemic in the U.S. there was a shortage of gold bars and coins on the free market. The Wall Street Journal (WSJ) writes about it. According to the magazine, dealers sold all the gold reserves or temporarily closed, and a large Swiss financial conglomerate Credit Suisse Group AG, casting gold bars since 1856, asked buyers "not to bother with circulation.
Pivot: 1590.00
Provided that the price is below 1595.00, please follow these recommendations:
In case of breakdown of the level 1595.00 and the consolidation of the price above this level, follow the recommendations below:
Gold during the day: the key resistance level is 1595.00. Until the asset has broken-out its resistance level at 1595.00 upwards, the probability of falling below 1574.00 remains high.
| Resistance | Support |
| 1613.00 | 1574.00 |
| 1604.00 | 1566.00 |
| 1595.00 | 1558.00 |
Pivot: 1570.00
As long as the price is below 1545.00, please follow these recommendations:
In case of breakdown of the level 1545.00 follow the recommendations below:
Until the key daily level of 1545.00 is broken-down, there is a risk of price hike to 1700.00.
| Resistance | Support |
| 1702.50 | 1535.20 |
| 1662.00 | 1451.50 |
| 1635.30 | 1400.00 |
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