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As shown by the daily XAU/USD chart: → Since November 2022, the price has been moving in an upward channel, marked in orange; → Since the start of 2024, the price has risen by approximately 12.5%. What are the gold price forecasts for the end of 2024? According to Investing.com, Georgette Boele, a senior sustainability […]

The post Gold Price Prospects for H2 appeared first on Action Forex.

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27/06/2024

EURUSD Rises Slightly Up After Battle With 8-Week Low

EURUSD holds in sideways move SMAs create bearish crossovers MACD continues to head south EURUSD tested the previous low of 1.0665 on Wednesday, holding within a narrow range of 1.0665-1.0720. The 20- and 50-day simple moving averages (SMAs) posted a bearish crossover a few days after the death cross between the 20- and the 200-day […]
12/06/2024

EURGBP Prints New 22-Month Low

EURGBP continues to fall after bearish gap Price shifts neutral outlook to negative MACD and RSI hold in oversold regions EURGBP opened with a significant bearish gap on Monday after the European elections on Sunday, sending the pair towards a fresh 22-month low of 0.8416. The pair is holding well below the medium-term trading range […]
22/08/2024

WTI Futures Fall to a 7-Month Low

WTI futures drop to their lowest level since January 17 Momentum indicators are heavily tilted to bearish side  WTI oil futures (October delivery) have been in a steady retreat following their rejection at the 200-day simple moving average (SMA) in mid-August. On Wednesday, the price fell to a fresh seven-month low before finding its feet a tad above the […]