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.
USD/JPY: 21 Moving Average acting as resistance
The upper 'Window' acted as resistance, so there's a 'Shooting Star' pattern. Even so, if the lower 'Window' acts as support in the coming hours, there'll be an opportunity to have another bullish price movement.
The 21 Moving Average is acting as resistance. Also, there's a bearish 'Three Methods' pattern. Therefore, we're likely going to have a new local low within the next few hours.
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.