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Gold creates new bullish wave Technical oscillators endorse upside momentum Gold prices skyrocketed to another all-time high of 2,732 earlier today, continuing the strong bounce off the 2,600 support level. The price successfully jumped above the ascending channel, which has been standing since the beginning of June, endorsing the bullish structure. Technically, the RSI indicator […]

The post Gold Unlocks Another Record High of 2,732 appeared first on Action Forex.

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28/03/2024

US500: Further Correction Towards 5192 Before Resuming Purchases

Bearish Scenario: Sales below 5220 with TP1: 5210 and TP2: 5192.21 with S.L. above 5248 or at least 1% of account capital*. Bullish Scenario: Buys above 5225 (if price fails to break below decisively) with TP1: 5235, TP2: 5242, TP3: 5248, TP4: 5255, TP5: 5290, and TP6 (Swing): 5300 with S.L. below 5210 or at […]
23/09/2024

EUR/USD Outlook: Weak Data Deflate Euro But Larger Bulls Remain in Play

EURUSD was sharply down on Monday morning after weaker than expected German and French PMI’s (German manufacturing PMI at 40.3 warns of recession) soured sentiment. Fresh weakness adds to reversal signals from recent repeated strong upside rejections on approach to pivotal 1.1200 barrier (Aug 26 high / round-figure). Bears cracked lower pivots at 1.1100 zone […]
06/12/2023

Canada’s Trade Accounts Register a $3.0 Billion Surplus in October

Canada’s merchandise trade account recorded a trade surplus of $3 billion in October, the third consecutive month in black ink. This comes after September’s surplus was revised slightly upward to $1.1 billion. Exports advanced slightly by 0.1% month-on-month (m/m) in October, though 6 of 11 sectors posted decreases in export values. The large increase in […]