Is gold predictable now, at all? Let's consider some facts and observations.
GBP/USD: "Double Top" stopped bulls
The price is consolidating between the levels 1.3046 - 1.2976. Also, we've got two "V-Top" patterns in a row, so the pair is likely going to test the closest support at 1.2976 - 1.2947. If a pullback from this area happens afterwards, bulls will have a green light to catch the next resistance at 1.3046 - 1.3056.
There's a consolidating, which is taking place under resistance at 1.3012 - 1.3028. In this case, bears are likely going to reach the nearest support at 1.2976 - 1.2947. Considering a possible pullback from this area, we should keep in mind the next resistance at 1.3046 - 1.3056 as an intraday bullish target.
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.