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Gold rises above 2,600 again RSI and stochastics suggest more upside moves Gold prices are recouping some significant losses that were posted after the Fed’s policy decision on Wednesday to cut rates by 25 bps. The market tumbled to a new one-month low of 2,582 but is currently holding above 2,600. The technical oscillators are […]

The post Gold Prices Recover from 1-Month Low appeared first on Action Forex.

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31/10/2024

Brent Crude Oil Wave Analysis

Brent crude oil reversed from long-term support level 70.00  Likely to rise to resistance level 75.00 Brent crude oil recently reversed up from the major long-term support level 70.00 (which has been reversing the price from the end of 2021). The support zone near the support level 70.00 was strengthened by the lower daily and […]
22/12/2023

Natural Gas Wave Analysis

Natural gas reversed from long-term support level 2.215 Likely to rise to resistance level 3.0000 Natural gas recently reversed up from the major long-term support level 2.215 (which has been reversing the price from the start of 2021) intersecting lower weekly Bollinger Band. The upward reversal from the support level 2.215 stopped the previous intermediate […]
11/07/2024

AUDUSD Posts a Fresh 6-month High

AUDUSD breaks decisively above sideways pattern The price jumps to its highest since January 2024 Oscillators are flagging overbought conditions AUDUSD had been trading in a neutral range for more than two months, unable to adopt a clear directional impetus. However, in the last few sessions, the bulls have managed to propel the pair above that rangebound […]