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Gold falls below $2,700 after double top Maintains neutrality within $2,540-$2,720 Gold came under renewed selling pressure after the bulls ran out of fuel marginally above the previous lower high of $2,721, unable to initiate a clear bullish reversal. Volatility was low during Monday’s early European trading hours, with the price being squeezed between the 20-day […]

The post Gold Faces Rejection Near $2,720 appeared first on Action Forex.

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10/08/2024

The Weekly Bottom Line: Bumps in the Road

U.S. Highlights Inflation and the labor market are cooling off, but the economy has not yet hit a wall. Despite what markets may be fearing. The ISM services survey showed broad based improvements in July, while falling longer term interest rates are easing financial conditions. Next week’s inflation report and the Jackson Hole summit in […]
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Stock Market Outlook 2024: Soft Landings, Rate Cuts, and Elections

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