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Gold breaks neckline of inverse head and shoulder in futures chart, jump till $1800 likely 07-04-2020

Gold has shown a massive recovery of more than $100 from yesterday's low of $1638. Global stock market rallies sharply especially, the US market with Dow Jones 22680 (7% higher) and S&P500 2663.70 (7.03% ). It hits a high of $1742 and is currently trading around $1711. The spread between US futures and spot has widened by almost $60 and this confirms that further rise in gold in the coming months.