Is gold predictable now, at all? Let's consider some facts and observations.
Two "head and shoulders" pattern of AUD/JPY
Information is not investment advice
On the H4 of AUD/JPY, the pair formed the “Head and shoulders” pattern. However, the same pattern was formed on H1, Up to now, on H1, the pair has rebounded from its target at 75.20 and has been moving up. Until the pair stays above 75.27, we can anticipate a return towards 75.44. As soon as the pair closes below 75.27, on H4, we may see a decline to the pattern’s target at 74.975 with a possible correction near 75.08.
Gold has been losing value lately. But recently, it is back up. Is it a good time to buy?
S&P falling this much, this stock falling that much... Not all the stocks are like this! Some of them keep standing and defying the virus damage.
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
S&P was looking upwards just a day ago. Something changed?