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: market is consolidating
The market is consolidating between the levels 1.1553 - 1.1652. Previously, the last 'Flag' pattern has been broken. In this case, the pair is likely going to test the next support area at 1.1509 - 1.1478 in the coming hours.
There's a 'Double Bottom', so the price is rising. It's likely that the market is going to test the nearest resistance at 1.1607 - 1.1623, which could be a departure point for another downward price movement.
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.