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Today’s early Asian session’s swift rally to a fresh all-time high is likely to be driven by a thin liquidity trading environment rather than the Israel-Hamas geopolitical war risk premium. Spot Gold’s portfolio hedging role may gain traction as global recession risk resurfaces. Medium-term uptrend phase remains intact but may shape a minor pull-back below […]

The post Gold Technical: Medium-Term Uptrend Remains Intact But Risk of Minor Pull-back appeared first on Action Forex.

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14/07/2024

Gold as an Investment: Detailed Analysis and Price Forecasts for 2025-2050

Since ancient times, gold has remained a crucial element of global economies. Its unique properties have made it not only valuable as jewellery but also a reliable means of preserving wealth. Today, this metal constitutes a significant part of both investor portfolios and central bank reserves. This review analyses the dynamics and reasons for changes […]
27/08/2024

XNG/USD: Natural Gas Price Hits 2.5-Week Low

As shown on the XNG/USD chart, today, the price of natural gas fell below $2.16 for the first time since 8 August. Bearish sentiment is being driven by the fact that: → This is the last week of summer. Gas consumption typically decreases in mid-September as the use of air conditioning declines; → Gas storage […]
10/09/2024

USDJPY Lacks Direction, Looks to US CPI

USDJPY hovers around 20-period moving average (SMA) Some upside momentum still present Next move will likely depend on US CPI report USDJPY is consolidating around its 20-period SMA after the rebound from the one-month low of 141.76 quickly ran out of steam. The RSI is fluctuating right beneath the 50-neutral mark, but the MACD continues […]