Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
Gold (XAU/USD) still pointing to post further gains
Gold has been trying to consolidate its price action well above the 200 SMA at H1 chart and we can see that a corrective move could take place towards the Fibonacci level of 50% at 1313.47. Around that area, a rebound is likely to happen in order to extend gains toward the Fibonacci target of -23.6% at 1331.32. To the downside, a breakout below 1309.84 could expose the 1306.54 level, ahead of 1301.35, where are located the lows from May 1st.
RSI indicator stays slightly in the negative territory, favoring to the corrective move.
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
On the W1, Brent oil formed a bullish “hammer”…
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.