Logo-color Logo-white

Gold (XAU/USD) prices have rebounded to 2394 USD per troy ounce, paring previous losses as the likelihood of a US Federal Reserve rate cut increases. Market sentiment is increasingly cautious amid recession fears, influencing stock market dynamics and bolstering the appeal of non-yielding assets like gold. Current market indicators, notably the CME FedWatch tool, suggest […]

The post Gold (XAU/USD) Recovers Amid Rate Cut Expectations appeared first on Action Forex.

previous

EUR/USD Outlook: Looks for Clearer Direction Signal

next

Japanese Yen (JPY) Price Action: Following Dovish BoJ Comments, What Does Price Action Tell Us?

Read More

10/07/2024

GBPUSD Wave Analysis

GBPUSD reversed from the long-term resistance level 1.2850 Likely to fall to support level 1.2725 GBPUSD currency pair is under bearish pressure after the earlier downward reversal from the long-term resistance level 1.2850, which has been reversing the price from the start of March. The downward reversal from the resistance level 1.2850 created the daily […]
02/08/2024

Elliott Wave Analysis: Oil (CL) Sets for Further Sell-off After Bounces

Hello traders, welcome to another blog post. Today, we will examine WTI Crude Oil Futures (CL). The commodity experienced a sell-off in July 2024. How much lower can it go? And how can traders find opportunities along the dominant path? Looking back at the price action post-COVID, the commodity began a bullish cycle in April […]
30/07/2024

USDJPY Wave Analysis

USDJPY reversed from support level 151.95 Likely to rise to resistance level 155.00 USDJPY currency pair recently reversed up from the powerful support level 151.95 (former major resistance from 2022 and also the yearly high from last year), standing close to the 50% Fibonacci correction of the upward impulse from 2023. The upward reversal from […]