Logo-color Logo-white

Gold advances sharply in the past few sessions Extends its streak of new all-time highs Momentum indicators suggest overbought conditions Gold has experienced a massive surge following its profound break above the 50-day simple moving average (SMA) in the beginning of March, generating a series of fresh record highs. However, an impending pullback could be on the […]

The post Gold Flies to Consecutive Record Highs appeared first on Action Forex.

previous

Crude Oil Kicks Off the New Quarter on a Positive Footage

next

Pound’s Pause Before Dive

Read More

17/06/2024

NZDUSD: Expanding Wedge

On the H4, NZDUSD formed an expanding wedge pattern after a prolonged rise. The price bouncing off the upper trend line almost reached a vital support area, which creates two possible options. If the price falls below the support at 0.6100, breaking the lower trend line, a fall to 0.6040 can be expected; A rebound […]
14/12/2023

GBP/USD, EUR/USD, USD/CAD Analysis: Dollar Falls Sharply after Fed Meeting

The American currency, having strengthened after the release of inflation data in the United States, fell sharply against almost all leading currencies yesterday. The reason for the sharp weakening of the dollar was most likely the updated median forecast of FOMC members for the dynamics of interest rates over the next few years, which does […]
15/07/2024

Bitcoin Has Surfaced Following a Dive

Market picture On Sunday, the cryptocurrency market moved to a rapid rise, completing a consolidation after a correction. Cryptocurrencies positively played off the strengthening chances of Trump’s victory after the assassination attempt. In addition, buyers were clearly encouraged by how the market stood up to the roughly $2.9bn sell-off in bitcoin by German authorities. The […]