Logo-color Logo-white

Gold is lower today, but close to recent highs Geopolitics and dollar underperformance support gold Momentum indicators are tentatively bullish Gold is trading lower again today, recording its third consecutive red candle, but remaining a tad below its recent all-time high. It is currently testing the upper boundary of the rectangle that has been defining […]

The post Gold Rally in Question appeared first on Action Forex.

previous

EUR/USD Targets Gains, Bitcoin and Ethereum Nosedives

next

EUR/USD Analysis: The Rate Has Risen to a Nearly 5-Month High

Read More

19/09/2024

AUDCAD Wave Analysis

AUDCAD broke pivotal resistance level 0.9170 Likely to rise to resistance level 0.9260 AUDCAD currency pair recently broke above the pivotal resistance level 0.9170 (which stopped the previous waves (1) and B last month). The breakout of the resistance level 0.9170 accelerated the active intermediate impulse wave (3). Given the clear daily uptrend, AUDCAD currency […]
10/09/2024

ECB Policy Meeting: Another Rate Cut and Emphasis on September’s Data

ECB widely expected to deliver a second rate cut to 3.50% September’s data could be important for October’s meeting EURUSD looks bearish; next support could develop near 1.0990 Spotlight turns to economic growth too Inflation is no longer the sole focus, as economic growth has gained equal importance, although central banks still prioritize maintaining symmetrical […]
08/01/2024

AUD/USD Trades With Mild Negative Bias Above 0.6700, Eyes on Australian Retail Sales Data

AUD/USD trades weaker around 0.6712 amid the USD rebound. US Nonfarm Payrolls rose 216K, beating expectations; the Unemployment Rate was unchanged at 3.7%. Fed funds futures markets are pricing in 56% odds of a Federal Reserve (Fed) rate cut. Australian monthly Retail Sales for November and the US Consumer Price Index (CPI) for December will […]