Is gold predictable now, at all? Let's consider some facts and observations.
USD/CAD: 34 Moving Average acted as support
Information is not investment advice
There's a bullish 'Hammer', which has been confirmed. Also, the 34 Moving Average has acted as support. Thus, it's likely that the pair is going to reach the next resistance at 1.3563. If a pullback from this level happens next, there'll be a moment for a downward correction towards the previously tested support at 1.3396.
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?