The USD has become soft. What's the tactical outlook against its main counterparts?
GOLD: what you should do with it right now
Information is not investment advice
Gold finally moved above $1 900 – again. How established is that high now? A brief look suggests that the mid-term trend is bullish so $1 960 may be reached thin a week or two. However, in the short-term, it is possible that a downward bounce will take place from $1 930 to $1 900. Very possibly, the price will drift slightly below the 50-MA just like it did on October 6, and then will get back up to break $1 930. That’s why the key, for now, is to verify the downward reversal from $1 930: the 50-MA is waiting!
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.