Is gold predictable now, at all? Let's consider some facts and observations.
USD/CAD: 'Evening Star' led to decline
Information is not investment advice
The price has been declining since the last 'Evening Star' pattern formed. However, the market faced support by the 55 Moving Average and the 'Window', so there're bullish patterns such a 'Hammer' and a 'High Wave', which both haven't been confirmed yet. So, it's likely that the pair is going to test the nearest support at 1.3249 once again. If a pullback from this level happens next, bulls will probably try to reach the previously achieved resistance at 1.3466.
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?