GOLD: up to $1,600?
Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
GBP/CAD is ready to rock
Information is not investment advice
Times are quite turbulent for the British pound. GBP/CAD has already retraced down 61.8% of the August-September advance. The price is now trying to stick to the 50-day MA in the 1.6230 area. Still, the Canadian dollar looks more attractive than the pound. Unless there’s a breakthrough in Brexit talks, the pair will likely slide to the support line connecting August and September lows and 78.6% Fibo around 1.6050. Resistance lies at 1.6300 and 1.6375.
Elizabeth Belugina
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Coronavirus keeps disturbing China, and the world. Consequently, gold keeps rising. Reaching $1,600 is "if" or "when"?
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