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: 'Double Bottom' pattern
The main trend is still bearish, but there's a 'Double Bottom', so the price is rising. It's likely that the market is going to test the next resistance at 1.1762 - 1.1799, which could be a departure point for another decline.
There's a possible 'Triangle', which hasn't been finished yet. In this case, we should keep an eye on the nearest support at 1.1679 - 1.1661 as an intraday target. If a pullback from this area happens little later on, there'll be a moment to have an upward price movement towards the next resistance at 1.1749 - 1.1762.
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.