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Key Highlights Gold gained pace and traded above the $2,500 resistance. A connecting bullish trend line is forming with support at $2,495 on the 4-hour chart. Oil prices faced resistance near $78.40 and trimmed some gains. The US Gross Domestic Product could grow by 2.8% in Q2 2024 (Preliminary). Gold Price Technical Analysis Gold prices […]

The post Gold Holds Steady: Will It Rise Again? US GDP Next appeared first on Action Forex.

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27/09/2024

EURJPY Wave Analysis

EURJPY rising inside minor impulse wave 3 Likely to reach resistance level 162.8 EURJPY currency pair earlier continues to rise inside the minor impulse wave 3, which started earlier from the support area located between the long-term support level 154.85 (which has been reversing the pair from 2023) and the lower daily Bollinger Band. The […]
12/01/2024

AUDUSD Remains in Positive Territory

AUDUSD fails to fall below 0.6645 Price holds well above uptrend line RSI is flattening AUDUSD has been in a somewhat positive corrective mode during the week, earning back some losses from the December 28 high of 0.6870. Entering the 0.6700 area has been a struggle over the past few days, and there might be […]
06/06/2024

ETHUSD Consolidates as Advance Pauses

ETHUSD posts fresh 2-month high following ETF approval But fails to extend its rally as bulls lift foot off the gas Momentum indicators ease from overbought conditions ETHUSD (Ethereum) had been on the rise after claiming the 50-day simple moving average (SMA) in mid-May, also helped by the regulatory approval of spot-Ethereum ETFs in the US. Although […]