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Gold charts a new record high after two-week rally Technical picture signals a temporary slowdown Gold hit a new milestone early on Monday, unlocking a fresh record high of 2,631 following two consecutive impressive weeks in uncharted territory, which boosted the price by 5%. The precious metal is sailing in overbought waters according to the RSI and […]

The post Gold Near a Peak, But Uptrend Might Stay Solid appeared first on Action Forex.

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News of the Week (September 23—September 27): AUDUSD Review

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14/10/2024

EUR/USD Dives To 1.0900: Can It Stage a Recovery?

Key Highlights EUR/USD started a fresh decline below the 1.1000 support zone. A connecting bearish trend line is forming with resistance at 1.0945 on the 4-hour chart. GBP/USD extended losses and traded below the 1.3080 support. Gold started a consolidation phase near the $2,650 level. EUR/USD Technical Analysis The Euro started a fresh decline from […]
06/11/2024

NZ First Impressions: Labour Market Data, September Quarter 2024

The unemployment rate rose to 4.8% in the September quarter, a smaller than expected rise due to more young people exiting the labour force. Wage growth is moderating broadly as expected. Unemployment rate: 4.8% (prev: 4.6%, Westpac f/c: 5.0%, RBNZ f/c 5.0%) Employment change (quarterly): -0.5% (prev: +0.2%, Westpac f/c: -0.6%, RBNZ f/c -0.4%) Labour costs […]
25/06/2024

Bitcoin Plummets Below $60K: Analyzing the Sudden Crash

Key Highlights Bitcoin price started another decline below the $60,000 support zone. BTC is trading below a major bearish trend line with resistance at $63,800 on the 4-hour chart. EUR/USD remained stable and attempted to recover above 1.0720. Oil prices are eyeing more upsides above the $82.50 resistance. Bitcoin Price Technical Analysis Bitcoin price failed […]