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

20/08/2024

Brent Crude – Oil Slides Into Key Support as Geopolitical Risk Takes a Backseat

Brent crude oil prices continue to fall amidst rumors of a Middle East deal and increased production in Libya. US crude stockpiles are expected to have decreased, and insights from the Jackson Hole symposium could impact oil prices. Technicals point to a key support are. Will we get a short term bounce in Oil prices? […]
22/12/2023

USD Weakness Continues Ahead of Holidays

In focus today The most important data release today will be the US November Personal Consumption Expenditures (PCE). Consensus expects Core PCE inflation to have remained steady in m/m SA terms at +0.2%. Earlier CPI and retail sales data hinted that private consumption has likely continued growing modestly even in real terms. November durable goods […]
02/09/2024

And September Arrives

August ended on a positive note. Friday’s data showed that the US PCE and the core PCE index stagnated near the levels printed a month earlier instead of a small uptick. Personal spending rose more than expected – and more than income, but the US saving rate fell to 2.9% – the lowest since 2022. […]