Logo-color Logo-white

Gold reversed from support level 1980.00 Likely to rise to resistance level 2050.00 Gold recently reversed up from the support level 1980.00 (which formed the daily Morning Star in December), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from November. The upward reversal from the support level […]

The post Gold Wave Analysis appeared first on Action Forex.

previous

Sunset Market Commentary

next

Technical Outlook and Review

Read More

12/09/2024

Elliott Wave Intraday Analysis Expects DAX to Turn Higher Soon

Short Term Elliott Wave view on DAX suggests that the Index is correcting cycle from 8.5.2024 low in 3, 7, or 11 swing before it resumes higher. The pullback on 8.5.2024 towards 17024.6 ended wave ((4)). The Index has turned higher in wave ((5)) with internal subdivision as an impulse Elliott Wave structure. Up from […]
19/09/2024

AUDUSD Posts New 9-Month High

AUDUSD rally continues after bounce off 200-day SMA Technical oscillators are mixed AUDUSD has printed a fresh nine-month high of 0.6838 earlier today, creating the fourth consecutive green candle. The pair found significant support at the 200-day simple moving average (SMA) at 0.6620, continuing the medium-term bullish structure. The technical oscillators are showing some contradicting […]
27/12/2023

Swiss Franc Hits 9-Year High

The Swiss franc is slightly lower in Wednesday trade. In the North American session, USD/CHF is trading at 0.8509, down 0.31%. The Swiss franc continues to power higher and has climbed 2.5% against the slumping US dollar in the month of December. The Swissie has pummelled the greenback in 2023, gaining 7.7%, and is trading […]