Is gold predictable now, at all? Let's consider some facts and observations.
USD/CAD: bullish 'Hammer' pattern
Information is not investment advice
There's a local bullish 'Hammer', which has been formed right after a 'Three Methods' pattern. Also, the market fixated above the Moving Averages. So, it's likely that the pair is going to test the nearest resistance at 1.3391. However, if a pullback from this level happens little later on, bears will probably try to achieve the 89 Moving Average, which could be a departure point for another upward price movement.
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.
AUD looks stronger, RBA keeps the rate steady. How positive is the picture?
On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).
The USD/CAD price has been falling down since March 19. What are the reasons?