Is gold predictable now, at all? Let's consider some facts and observations.
GBP/JPY: 'Pennant' led to new local high
Information is not investment advice
The last 'Pennant' has been broken, so the price is rising and we've got a new local high. Meanwhile, it's likely to have a local downward correction towards the closest support at 145.98 and the Moving Averages. The subsequent pullback from these levels could lead to another bullish price movement in the direction of the next resistance at 148.56 - 148.86.
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?