Is gold predictable now, at all? Let's consider some facts and observations.
GBP/JPY: 'Flag' pattern
Information is not investment advice
There's a confirmed 'Double Top' pattern, which pushed the market lower. Also, it seems like we're going to have a 'Flag' pattern soon. In this case, we should keep an eye on the closest support at 145.48 as the next target. If we have a pullback from this level little later on, there'll be an open door for another bullish price movement towards the previously tested resistance at 147.00 - 147.18.
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.
AUD looks stronger, RBA keeps the rate steady. How positive is the picture?
On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).
The USD/CAD price has been falling down since March 19. What are the reasons?