Is gold predictable now, at all? Let's consider some facts and observations.
EUR/USD: bullish 'Engulfing'
There's a bullish 'Engulfing', which has been confirmed enough. At the same time, we've got a 'Doji', so the market is likely going to test the closest support at 1.1360 soon. A pullback from this level could be a starting point for a bullish price movement towards the 55 Moving Average.
The upper 'Window' is acting as resistance, so we've got a 'Shooting Star' pattern, which hasn't been confirmed yet. In this case, the pair is likely going to test the nearest resistance at 1.1417 once again. Therefore, if we have another pullback from this level, there'll be time for a decline.
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.