Is gold predictable now, at all? Let's consider some facts and observations.
EUR/USD: confirmed bearish 'Engulfing'
There's a bearish 'Engulfing', which has been confirmed, so the market is likely going to test the nearest support at 1.1447 in the coming hours. The subsequent pullback from this level could lead to another bullish rally in the direction of the next resistance at 1.1554.
We've got a confirmed 'Shooting Star', which formed at the last high, so the pair is declining. The main intraday target is the closest support at 1.1447, which is near the 34 Moving Average. If a pullback from this line happens next, bulls will probably try to achieve the upper 'Window' (1.1554).
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.