GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
CAD/CHF: long-term trade
Information is not investment advice
Take a look at the weekly chart of CAD/CHF. A longer-term trade idea may emerge from here. As you can see, the pair formed 2 doji candlesticks near the 100-week MA (0.7580). Other moving averages will provide support at 0.7520 and 0.75. The loss of that level, however, will confirm a top and send the price down to 0.74 and 0.7250 in line with harmonic patterns. This trade will take time.
Elizabeth Belugina
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GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
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