Is gold predictable now, at all? Let's consider some facts and observations.
USD/JPY: 'Window' acting as support
Information is not investment advice
The 'Window' is acting as support. Also, there's a bullish 'Hammer' pattern, which hasn't been confirmed enough. In this case, it's likely that the market is going to test the nearest support at 108.88. The subsequent pullback from this level could be a starting point for an upward price movement towards the closest resistance 111.47.
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?