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Key Highlights Gold is gaining bullish momentum above the $2,400 support zone. A key bullish trend line is forming with support at $2,395 on the 4-hour chart. EUR/USD could continue to rise toward the 1.1000 resistance. Bitcoin recovered and broke the $64,000 resistance zone. Gold Price Technical Analysis Gold prices remained well-supported above the $2,350 […]

The post Gold Regains Strength: Poised for Continued Gains? appeared first on Action Forex.

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28/05/2024

EURJPY Advances Towards 40-Year High

EURJPY is in a steady uptrend, threatening multi-year peak But oscillators point to overbought conditions EURJPY has been in a steady advance since the beginning of May following its bounce off the long-term ascending trendline. However, the risk of a pullback has increased as the price is approaching its 40-year high of 171.56 given that momentum indicators […]
19/12/2023

USDCAD Forms Bullish Double Bottom

USDCAD creates bullish formation after sharp decline A close above 1.3400 could boost buying sentiment Canadian CPI figures for November due at 13:30 GMT USDCAD entered a range trade following the slump to a four-and-a-half month low of 1.3349 last Friday. In the four-hour chart, the ongoing sideways move seems to have taken the shape […]
29/11/2023

VIX Drop: Stocks Collapse or Boring Growth Ahead?

Financial market volatility has plunged to its lowest level in almost four years, according to the VIX index. This so-called “fear index” fell to 12.45 on Friday, the lowest level since January 2020. Such low levels could be both a sign of the market entering a smooth bullish trend or a lull before a sharp […]