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Gold price started a fresh surge above $2,720. Crude oil is recovering and might rise toward the $73.85 resistance zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a strong increase from the $2,645 zone against the US Dollar. A major bullish trend line is forming with support at $2,735 on […]

The post Gold Rallies To New ATH, WTI Crude Oil Eyes Recovery appeared first on Action Forex.

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10/05/2024

EURUSD Elliott Wave: Forecasting the Rally from Equal Legs Area

Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the website. As our members know, EURUSD has ended the cycle from the December’s 2023 peak. The pair has recently pulled back in a 3-wave pattern, with buyers stepping […]
12/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there’s a potential scenario where price could make a bearish reaction off the 1st resistance level and drop towards the 1st support. The 1st support at 103.28 is categorized as a swing low support. This level is significant as it suggests […]
18/01/2024

Bitcoin Price Turns Red And Could Revisit $40K

Key Highlights Bitcoin price trimmed most gains after the spot ETF approval. BTC traded below a key bullish trend line with support at $44,500 on the 4-hour chart. The price could extend losses if it stays below the $44,000 resistance zone. Ethereum is performing better and might aim for a move toward $2,750. Bitcoin Price […]