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: possible developing 'Triangle' pattern
The main trend is still bearish. However, there's a 'Double Bottom' pattern, so the market is likely going to test the nearest resistance at 1.1762 - 1.1799. A pullback from this area could be a starting point for another decline.
There's possible developing 'Triangle' pattern. So, if a pullback from the closest support at 1.1679 - 1.1661 happens in the coming hours, there'll be an opportunity to have an upward price movement in the direction of 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.