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Key Highlights Gold prices started a fresh decline from the $2,088 resistance. A key bearish trend line is forming with resistance near $2,050 on the 4-hour chart. Crude oil prices are also struggling to rise above the $74.00 resistance. EUR/USD managed to stay above the 1.0880 support zone. Gold Price Technical Analysis Gold gained pace […]

The post Gold Price Signals Fresh Decline, Upsides Limited appeared first on Action Forex.

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26/08/2024

News of the Week (August 26— August 30): EURUSD Analysis!

EURUSD presents enticing opportunities for all traders—keep watching! The EURUSD pair, often referred to by traders as the “Fiber,” is the most traded currency pair in the Forex market. It reflects the Euro’s relative strength against the US Dollar, two of the world’s most significant currencies. The US Dollar’s value is heavily influenced by economic […]
16/08/2024

Euro Edges Higher, US Dollar Under Pressure

The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21% on the day at the time of writing. The US dollar is under pressure and the euro rose as much as 1.2% this week before paring about half of those gains. On Wednesday, the euro hit 1.1047, […]
16/05/2024

Bitcoin Price Hits a Month’s High, Breaking Key Resistance

Yesterday’s release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in dollars, including BTC/USD. As a result, the price of Bitcoin hit a May high. Meanwhile, there is sustained demand in the market driven […]