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Key Highlights Bitcoin price gained over 15% in the past few days. BTC is trading above a connecting bullish trend line with support at $61,500 on the 4-hour chart. Oil prices corrected losses and climbed above the $71.20 resistance. Gold surged to a new all-time high above $2,630. Bitcoin Price Technical Analysis Bitcoin price started […]

The post Bitcoin Price Could Be Ready for Bigger Gains, Gold Sets New ATH appeared first on Action Forex.

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22/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to break under the 1st support and drop towards the 2nd support. The 1st support level at 101.87 is identified as a multi-swing-low support. Further below, the 2nd support level at 100.67 is noted as a swing-low […]
29/12/2023

AUDUSD Wave Analysis

AUDUSD reversed from resistance level 0.6865 Likely to fall to support level 0.6800 AUDUSD currency pair recently reversed down from the major resistance level 0.6865 (which has been reversing the pair from June). The resistance level 0.6865 was further strengthened by the nearby upper daily Bollinger Band. Given the strength of the resistance level 0.6865 […]
04/11/2024

XAU/USD Analysis: Gold Price Chart Displays Bearish Signals

Analysing the XAU/USD chart on October 18, we: → Established a long-term upward channel (indicated in blue); → Suggested that the target for bulls might be the upper red line, drawn parallel to the red corrective channel. Since then: → The gold price rose to the upper red line and the top of the blue […]