Is gold predictable now, at all? Let's consider some facts and observations.
CAD/CHF has been moving to resistance
Information is not investment advice
On H4, CAD/CHF has been moving to the resistance at 0.7530 (previous points of reversal and the trendline). If the pair reaches this level, we can anticipate it will turn around. In this case, the target will be placed at 0.7513. The next target is 0.7504.
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?