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Gold price rallied above $2,400 before correcting lower. Crude oil price is rising and it could climb further higher toward the $85.50 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price rallied significantly above $2,400 and recently corrected lower against the US Dollar. It cleared a key bearish trend line with resistance […]

The post Gold Price Corrects Gains While Oil Price Regains Strength appeared first on Action Forex.

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22/05/2024

Gold Price Primed To Extend Gains – Here’s Why

Key Highlights Gold started a fresh increase above the $2,420 resistance. A connecting bullish trend line is forming with support at $2,410 on the 4-hour chart. Oil prices are consolidating losses below $80.00. EUR/USD could aim for a steady increase above the 1.0885 resistance. Gold Price Technical Analysis Gold prices started a fresh increase above […]
22/02/2024

S&P 500 Wave Analysis

S&P 500 reversed from resistance level 5035.00 Likely to fall to support level 4920.00 S&P 500 index recently reversed down from the pivotal resistance level 5035.00 (which stopped the previous minor impulse wave iii at the start of this month). The downward reversal from the resistance level 5035.00 created the daily Japanese candlesticks reversal pattern […]
28/08/2024

AUD/USD Outlook: Lacks Strength to Hold Gains on Above Forecast Australian CPI

AUDUSD hit new 8-month high in Asian session on Wednesday, lifted by higher than expected Australian July CPI, but was so far unable to hold gains above 0.6800 mark. Although subsequent dip was shallow, it sends initial warning that larger rally from 0.6348 (Aug 5 spike low) might be running out of steam. Triple consecutive […]