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Gold cracked psychological $2700 barrier and hit new historical high on Friday morning. Looser monetary policy conditions continue to support the price, along with growing nervousness over US election, with the latest threats of further escalation of the war in the Middle East, sparking increased demand for safe haven bullion. Fresh rise of gold price […]

The post XAU/USD Outlook: Gold Hits New Historical High Above Psychological $2700 Level appeared first on Action Forex.

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03/04/2024

NZDUSD Halts Decline at 23.6% Fibonacci

NZDUSD declines sharply within descending channel Drops below both 50- and 200-day SMAs to a 4-month low Oscillators remain deep in their negative territories NZDUSD has been in an aggressive downtrend since its double rejection at the 0.6217 level in early March. Despite dropping to a fresh four-month bottom this week, the pair seems to be finding its footing […]
10/10/2024

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09/10/2024

Analysis of XAU/USD: Gold Price Drops to a Two-Week Low

The XAU/USD chart shows that yesterday, the price of gold fell below $2610, a level not seen since 20th September. Bearish sentiment has been driven by the continued strengthening of the US dollar. According to Trading Economics: → This is due to market participants lowering expectations for an aggressive rate cut by the Federal Reserve. […]