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Gold prices rebounded above $2,400/oz after a dip to $2,364/oz, showing resilience despite a strengthening US Dollar. Gold benefits from expectations of more aggressive rate cuts and its safe-haven status. Geopolitical and economic risks in the second half of 2024, along with anticipated rate cuts, should theoretically support the gold rally, but a Middle East […]

The post Gold (XAU/USD) Steadies After Volatile Monday; DXY Bounces Back appeared first on Action Forex.

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07/06/2024

Week Ahead – Fed and BoJ Decide on Monetary Policy

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Gold Wave Analysis

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24/04/2024

Gold Technical: Is Bull Run Over After Worst Daily Decline in 2 Years?

The price actions of Gold (XAU/USD) have shaped the mean reversion decline after a test on the US$2,420 intermediate resistance. It tumbled by -2.7% on Monday, 22 April, its worst daily performance since 13 June 2022 (almost two years), and continued to extend its losses in yesterday’s (23 April) Asian session. So far, it has […]