Logo-color Logo-white

Gold loses ground but bullish phase intact MACD and RSI head south Gold prices tumbled to a fresh almost three-week low of 2,701 but are currently recouping some losses, flirting with the 2,725 support level. A closing session beneath the 2,710-2,716 region could find strong support at the 200-period simple moving average (SMA) at 2,685. […]

The post Gold Prices Post Bearish Spike Towards 3-Week Low appeared first on Action Forex.

previous

USDJPY Cheers as Trump Leads Election Race

next

BTCUSD Elliott Wave : Buying the Dips at the Blue Box Area

Read More

Euro and Pound Decline Amid US Election Anticipation

Early in this trading week, the dollar’s rise, likely influenced by Trump’s strong polling figures, has somewhat slowed. Based on technical analysis of major currency pairs, the market appears ready for a correctional pullback. However, the US election results could disrupt current patterns. EUR/USD Last week, EUR/USD found support around the 1.0760 level and rose […]
15/10/2024

Sunset Market Commentary

Markets The release of labour market data kicked off a triptych of key UK data that should help clarify whether the time is right for the BoE to move to a ‘more activist approach’ when it comes to reducing policy restriction. The employment report didn’t change (money) markets’ positioning in any profound way (> 90% […]
25/09/2024

Elliott Wave Expects Silver (XAGUSD) to Continue Bullish move

Silver (XAGUSD) is close to breaking above previous peak on 5.20.2024 high at 32.51. A break above the level confirms the next leg higher has resumed. Short term, rally from 9.9.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.9.2024 low, wave ((i)) ended at 31.23 and pullback in […]