Is gold predictable now, at all? Let's consider some facts and observations.
GBPCAD has been consolidating
On H4 of GBPCAD, the pair has been trading sideways. It gives traders an opportunity to wait and enter the market at good levels. If the pair breaks above 1.6028, we can anticipate a further rise towards 1.6061. Otherwise, if the support at 1.5968 is broken, the pair will move down. The short may be anticipated at the level of 1.5926. The target will be placed at 1.5886.
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.