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: 'Shooting Star' led to decline
There's a bearish 'Shooting Star', but confirmation of this pattern isn't enough. So the market is likely going to test the 144 Moving Average, which could be a departure point for a bullish price movement
The last 'Shooting Star' led to the current decline, but there's an opportunity to have a local upward correction. Even so, bears are likely going to test the lower 'Window' afterwards.
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.