Forex analysis | Amega

The Daily Markets Watch: GOLD, EURUSD & BTCUSD (29.11.21)

29 November 2021 Amega

Gold prices remain stuck near last week’s close below $1800 despite rising concerns around Omicron and the recent flight to safety, making the bullish case questionable for now.

Euro, on the other hand, has managed to somewhat hold on to the gains against the dollar, however, experiences a short-term pullback before confirming a deeper bullish correction to $1.13 and above. Will $1.1260 hold bears though?

The short-term rally has found buyers in BTCUSD too as the pair managed to pull off a decent upside leg from a low of 53,300 to 58,188, and currently correcting.

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