Logo-color Logo-white

Gold’s impressive appreciation stabilizes near record high The bulls might take a break, but stay in play above 2,100 Gold bulls staged a comeback with a bang, driving the price vertically as high as 2,141 on Tuesday. This is marginally below December’s record high of 2,144 and could induce some consolidation ahead of Powell’s testimony […]

The post Gold Near All-Time High; What’s Next? appeared first on Action Forex.

previous

NZDUSD Stuck in a Rectangle Pattern

next

BoC Holds Rates Steady in March With Dovish Lean

Read More

18/12/2023

Market’s Move Back to Reality May Heal the Dollar

The Dollar made a crucial technical breakdown the previous week following a public admission from the Fed of a policy reversal. The Fed’s comments and subsequent press conference pressed the Dollar index under its 200-day moving average. The decline continued on Thursday as neither the Bank of England nor the ECB acknowledged that they were […]
01/04/2024

EUR/USD Turns Red and Signals More Downsides

Key Highlights EUR/USD started a fresh decline below the 1.0820 support zone. A key bearish trend line is forming with resistance at 1.0875 on the 4-hour chart. Gold prices rallied further above the $2,250 resistance. The US ISM Manufacturing Index could increase from 47.8 to 48.4 in March 2024. EUR/USD Technical Analysis The Euro started […]
27/06/2024

Elliott Wave Intraday Analysis on AUDJPY Looking to End Wave 5

Short Term Elliott Wave in AUDJPY suggests rally from 6.4.2024 low is in progress as a 5 waves impulse structure. Up from 6.4.2024 low, wave 1 ended at 104.8 and pullback in wave 2 ended at 103.57. Internal subdivision of wave 2 unfolded as a zigzag where wave ((a)) ended at 103.6, wave ((b)) ended […]