Is gold predictable now, at all? Let's consider some facts and observations.
USD/CAD: price to test local high
Information is not investment advice
There's a 'Tower' pattern, which has been confirmed, so we've got an ongoing bearish correction. At the same time, there's an 'Inverted Hammer', so the market is likely going to reach the previously tested resistance at 1.3455. The subsequent pullback from this level could lead to a decline towards the 89 Moving Average (1.3294).
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?