Logo-color Logo-white

Gold rising inside weekly impulse wave 3 Likely to rise to resistance level 2300.00 Gold rising inside the sharp weekly impulse wave 3, which recently broke the resistance trendline of the daily up channel from November. The breakout of this up channel coincided with the breakout of the key resistance level 2200.00, which stopped the […]

The post Gold Wave Analysis appeared first on Action Forex.

previous

Weekly Economic & Financial Commentary: The First of Many Ticks Higher in the Longer-Run Median Dot

next

EUR/USD Turns Red and Signals More Downsides

Read More

28/08/2024

NZD/USD Rallies: Is a Stronger Move Ahead?

Key Highlights NZD/USD rallied above the 0.6050 and 0.6120 resistance levels. A major bullish trend line is forming with support at 0.6120 on the 4-hour chart. Gold started a consolidation phase and might climb above $2,525. EUR/USD and GBP/USD remained supported and might eye more upsides. NZD/USD Technical Analysis The New Zealand Dollar started a […]
04/06/2024

EURJPY Pulls Back from 170.80

EURJPY seems neutral in very short-term RSI and MACD indicate bearish correction EURJPY could not find enough buyers to expand its bullish move above the 170.80 immediate resistance but it has still been developing well above the long-term rising trend line, which has been drawn since December 12. The question now is whether the pair will stay resilient […]
10/01/2024

Weakest Growth Since 1990s

The World Bank said yesterday that it expects growth to fall to 2.2% for the period that includes 2020 and 2024 and that’s the slowest 5-year period since 1990-1994. The slowing global growth expectations somehow keep the global yields subdued, but at 4% yield, the US 10-year bond is expensive and may not have much […]