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Gold price started a downside correction from $2,485. Crude oil prices are also moving lower from the $82.20 resistance zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,485 zone before there was a pullback against the US Dollar. A key bearish trend line is forming with resistance […]

The post Market Analysis: Gold Price and Crude Oil Price Correct Recent Gains appeared first on Action Forex.

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12/04/2024

USD/JPY Supported For More Gains, Gold Approaches $2,400

Key Highlights USD/JPY started another increase and cleared the 152.50 resistance. A key bullish trend line is forming with support at 152.70 on the 4-hour chart. EUR/USD and GBP/USD gained bearish momentum. Gold prices surged further above the $2,380 level. USD/JPY Technical Analysis The US Dollar remained well-bid above the 150.00 level against the Japanese […]
24/06/2024

Nvidia Selloff Raises Worries

The week kicks off on a weak note following a moody trading session across Europe and the US on Friday. One of the most significant moves of last two trading days of the US was a 10% selloff in Nvidia sales for … no reason other than the fact that it was the end of […]
03/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits a bullish overall momentum, suggesting a strengthening of the US Dollar. Price could potentially experience a bullish bounce off the 1st support level and move towards the 1st resistance level. The 1st support at 101.77 is identified as a pullback support. This level is significant because […]