Is gold predictable now, at all? Let's consider some facts and observations.
GBP/USD: possible 'Triple Top' pattern
Information is not investment advice
There's a possible 'Triple Top' pattern, which hasn't been confirmed yet. If the market breaks the low of the last 'V-Bottom' (1.3011), there'll be a moment to have a downward correction. In this case, we should watch the nearest support at 1.2957 - 1.2946 as the next bearish target. If a pullback from this area and the Moving Averages happens little later on, bulls will probably try to reach the previously tested resistance at 1.3072 - 1.3108.
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?