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: bullish 'Engulfing'
There's a bullish 'Engulfing', so the price is rising. It's likely that the pair is going to test the 34 or 55 Moving Average shortly. A pullback from one of these lines could be a departure point for another decline.
We've got a local 'Shooting Star', so there's a green light for a local decline. However, if a pullback from the closest support at 110.93 happens next, bulls will probably try to reach the next resistance at 111.34.
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.