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GOLD: market to reach nearest resistance
Information is not investment advice
There's a bearish 'Engulfing' pattern, which has been formed under a local 'Window'. This pattern hasn't been confirmed enough, so it's likely that the market is going to reach the nearest resistance at 1312.97 soon. If a pullback from this level happens next, there'll be a moment to have a decline towards the previously tested 'Window' (1276.38).
Things in the economic world seem to be getting better. Is it better for the USD as well?
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
This time, the coronavirus has affected not only China but the whole market sentiment. Let’s figure out why this has happened.
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.