Is gold predictable now, at all? Let's consider some facts and observations.
AUD/USD: 'V-Bottom' pushing price higher
Information is not investment advice
The pair has been rising since the last 'V-Bottom' was formed. Also, the market broke all the Moving Averages and there's no any reversal pattern so far. In this case, we should watch the next resistance at 0.7163 as an intraday target. The subsequent pullback from this level could lead to a downward correction in the direction of the previously tested support at 0.7097.
Gold has been losing value lately. But recently, it is back up. Is it a good time to buy?
S&P falling this much, this stock falling that much... Not all the stocks are like this! Some of them keep standing and defying the virus damage.
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
S&P was looking upwards just a day ago. Something changed?