Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
GOLD: bullish 'Engulfing' pattern
Information is not investment advice
The market has been rising since a 'Tweezers' pattern formed at the lower 'Window'. Also, there's a bullish 'Engulfing', so it's likely that the price is going to reach the upper 'Window' (1331.05) in the coming days. If a pullback from this level happens next, there'll be time for a downward correction in the direction of the previously tested support at 1292.71.
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!