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Gold price gained traction and climbed above the $2,030 resistance level. Crude oil price is recovering, and it could climb further higher toward the $78 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $1,975 zone against the US Dollar. A connecting bullish trend line is […]

The post Gold Price Eyes Breakout, Crude Oil Price Recovers appeared first on Action Forex.

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GER 40 Index Near New Highs at the End of 2023

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05/03/2024

Gold: Not Yet Overheated

Gold is primed for a substantial move, second only to cryptocurrencies in amplitude but lacking their enduring strength. At the end of last week, we saw a swift technical completion of a bullish pattern. Sometimes, gold avoids volatility for weeks, but at certain moments, strong multi-day trends are born, and the movement becomes almost one-sided, […]
03/09/2024

USDJPY Wave Analysis

USDJPY reversed from support level 144.00 Likely to rise to resistance level 149.35 USDJPY currency pair recently reversed up from the strong support level 144.00 (which has been reversing the price from January) standing near the lower daily Bollinger Band. The upward reversal from the support level 144.00 created the daily Japanese candlesticks reversal pattern […]
30/04/2024

Is US 100 Setting Course for New Record Highs?

US 100 enters recovery mode, stays above uptrend line MACD and RSI suggest that momentum may turn positive A break above 18,350 will take the index into uncharted territory A break below 15,700 may turn the broader outlook bearish The US 100 cash index entered a recovery mode last week, after hitting support near the […]