Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
GOLD: price consolidating along 'Window'
Information is not investment advice
The market is still consolidating along the 'Window'. There's a bearish 'Tower' pattern, which hasn't been confirmed yet. Thus, we should watch the nearest support at 1263.60 as a potential target. The subsequent pullback from this level could lead to a local upward correction towards the 'Window" (1241.73).
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!