Is gold predictable now, at all? Let's consider some facts and observations.
USD/JPY: pair to test closest support
There's a 'Shooting Star', so the pair is likely going to test the closest support at 109.38 in the coming hours. Meanwhile, if a pullback from this level forms next, there'll be a moment for another upward price movement.
We've got an 'Inverted Hammer', so there's an opportunity to have a local bullish correction. In this case, we should keep an eye on the nearest resistance at 109.99 as a possible starting point for a decline towards the next support at 109.38.
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.