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Gold (XAUUSD) has made a new all-time high which confirms the right side remains bullish in the near future. Cycle from 6.7.2024 low is currently in progress as a 5 waves impulse. Up from 6.7.2024 low, wave 1 ended at 2368.74 and pullback in wave 2 ended at 2293.46. Up from there, wave (i) ended […]

The post Elliott Wave Intraday: Gold (XAUUSD) Breaks to New All-Time High appeared first on Action Forex.

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11/01/2024

USD/JPY: Recovery Acceleration Signals that Corrective Phase Might Be Over

Bulls regained traction and pushed the price up 0.75% on Wednesday, retracing the largest part of pullback from 2024 high (145.97, Jan 5) to 143.41 (Jan 9). Fresh strength emerged after corrective dip was strongly rejected just above 200DMA (143.37), marking a healthy correction and keeping in play near-term bulls off 140.25 (Dec 28 low). […]
03/07/2024

Gold Price Prospects for H2

As shown by the daily XAU/USD chart: → Since November 2022, the price has been moving in an upward channel, marked in orange; → Since the start of 2024, the price has risen by approximately 12.5%. What are the gold price forecasts for the end of 2024? According to Investing.com, Georgette Boele, a senior sustainability […]
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Market Awaits NFP Data: Euro/Dollar Consolidates

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