Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
GOLD: price to test Moving Averages
Information is not investment advice
There's a bearish 'Harami', which led to the current decline. Also, we've got an 'Inverted Hammer', but this pattern remains unconfirmed. Thus, we should watch the Moving Averages as a potential target for the current correction. The subsequent pullback from these lines could lead to another bullish rally towards the upper 'Window' (1307.72).
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!
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.