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Gold edges higher, surpasses 2,075 level Festive period fueling gold rally amidst low liquidity Momentum indicators support the current move Gold is trading higher again today, recording the fifth consecutive green candle, as the low-liquidity festive period appears to be fueling demand for the precious metal. Gold is currently around 6% higher than the December […]

The post Gold Enjoys Another Rally appeared first on Action Forex.

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27/05/2024

DAX Elliott Wave: Buying the Dips at the Blue Box Area

Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website. DAX is showing impulsive bullish sequences in the cycle from the October 2023 low. Recently we got a 3 waves pull back that has ended right at the […]
02/07/2024

GBPUSD Remains Bearish in Very Short-Term

GBPUSD’s recent bounce off 1.2300 runs out of steam RSI and MACD hold beneath mid-levels GBPUSD started a bearish wave again after the spike towards the three-month high of 1.2860, sending prices beneath the 20- and 50-day simple moving averages (SMAs). The market is ready to retest the midpoint of the long-term trading range at 1.2610. […]
18/12/2023

EUR/USD: Regains Traction But Recovery Faces Strong Headwinds

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