Forex analysis | Amega

The Daily Markets Watch: GOLD, NASDAQ & USDCAD (08.12.21)

8 December 2021 Amega

Gold prices remain mixed as news around Omicron keeps market participants on their toes. Despite reversing yesterday’s losses bottoming at $1770, it faces a critical resistance at $1800.

NASDAQ continued its ascend, soaring nearly 4% as risk appetite returned in the markets. It remains a question whether 16400 can give in or not.

USDCAD found support at 1.2640 yesterday and it’s likely to at least pierce through it should the BoC appear as hawkish as analysts expect. Could we see 1.25 again?

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