Is gold predictable now, at all? Let's consider some facts and observations.
EUR/GBP: there's a 'V-Bottom' pattern
Information is not investment advice
There's a 'V-Bottom' pattern, which led to the current upward price movement. The market has broken all Moving Averages lines, so there're a 'Triangle' and a 'Pennant' patterns. Thus, it's likely that the pair is going to reach the next resistance at 0.8767 - 0.8792 in the short term. If a pullback from this area happens thereafter, then bears will probably try to test the closest support at 0.8699 - 0.8681.
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.
Will there be lower bottom with S&P or not? Let's analyze together.
How does the GBP/USD look like?
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.