Logo-color Logo-white

Gold price surged toward the $2,400 zone and traded to a new all-time high. Crude oil is attempting a fresh increase above the $85.00 zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a strong increase above the $2,350 zone against the US Dollar. It broke a key bearish trend line […]

The post Gold Price Hits New High While Crude Oil Price Consolidates appeared first on Action Forex.

previous

No Surprises from ECB

next

GBPUSD Outlook Worsens After Rapid Fall

Read More

26/08/2024

Fed Chair Powell Ready to Loosen Monetary Policy

In focus today We will have a quiet start to the week on the data front. The most important release today is the German Ifo index. Consensus expectations is for a small decline, which in that case would be the fifth consecutive month that would have happened. This would be in line with the PMI […]
24/07/2024

ETHUSD Trades Flat After ETF Debut

ETHUSD has been rangebound in the past few sessions Spot ETF launch did not trigger much volatility Momentum indicators remain positively tilted ETHUSD (Ethereum) has experienced a strong rally in July, breaking above its 50-day simple moving average (SMA). However, the leading altcoin has been trading sideways for more than a week now, even though the […]
24/04/2024

Elliott Wave Calling for FTSE to Extend Higher

Short Term Elliott Wave view on FTSE suggests that rally from 8.18.2023 low is unfolding as a 5 waves impulse. Up from 8.18.2023 low, wave 1 ended at 7745.82 and pullback in wave 2 ended at 7279.86. Up from there, wave ((i)) ended at 7764.37 and wave ((ii)) pullback ended at 7404.08. The Index then […]