Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
EUR/USD: consolidation under Moving Averages
There's a 'V-Bottom', so the pair is consolidating under the Moving Averages. It's likely that the market is going to test the next support at 1.1574 - 1.1543 soon. A pullback from this area could be a departure point for a bullish price movement towards the closest resistance at 1.1649 - 1.1673.
The market is consolidating between the levels 1.1679 - 1.1630. It's likely that there's a 'Double Top'. In this case, the price is going to achieve another support at 1.1574 - 1.1565. If a pullback from these levels happens next, bulls will probably try to reach the nearest resistance at 1.1661 - 1.1679.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
UK's Raab supports that virus restrictions are serious, proportionate
The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.