Is gold predictable now, at all? Let's consider some facts and observations.
AUDJPY is moving to the resistance
Information is not investment advice
On the daily chart of AUDJPY, the MACD indicator has formed the bulllish divergence and the pair has risen. But the upward movement may be limited. The resistance is placed at 72.350. If the pair turns around, the support will lie at 71.30. If bulls are able to push the pair above 72.350, the next level to open longs is at 73.200.
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?