The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Gold (XAU/USD) could switch the focus to the downside
Gold has been struggling to consolidate above the 200 SMA, following a strong offer zone found in the Fibonacci level of 50% at 1303.80. Such zone should give up in order to allow a momentum that pushes the yellow metal towards the highs from May 11st. However, as the 1303.80 lies as a strong resistance area, a decline could take place towards the Fibonacci level of -23.6% at 1271.71, where a take profit could trigger.
RSI indicator stays in the negative territory, favoring to the bears.
A great chance to make profit on stocks! Investors are inspired by economic reopening and optimistic vaccine news.
On May 27, the longtime cable TV provider AT&T will launch HBO Max – a new streaming platform. How will it affect the price of AT&T?
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.