Is gold predictable now, at all? Let's consider some facts and observations.
USD/JPY: bullish 'High Wave'
There's a bullish 'High Wave', so the price is rising. The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction.
The 34 Moving Average has acted as support, so there's a 'High Wave', which has been confirmed. It's likely to have a local correction in the coming hours. So, if a pullback from the nearest support at 112.82 happens next, bulls will probably try to test the upper 'Window' (113.53).
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.