Is gold predictable now, at all? Let's consider some facts and observations.
AUD/CHF broke support zone
- AUD/CHF broke support zone
- Next sell target - 0.7340
AUD/CHF continues to fall after the earlier breakout of the support zone lying at the intersection of the support level 0.7410 (which has been reversing the price from the end of April, as can be seen below) and the 50% Fibonacci correction of the previous upward wave (B) from March. The breakout of this support zone accelerated the active impulse wave 3. AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7340.
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.