Logo-color Logo-white

Gold broke resistance level 2750.00 Likely to rise to resistance level 2800.00 Gold recently broke above the minor resistance level 2750.00 (which stopped the previous minor impulse wave 1 earlier this month). The breakout of the resistance level 2750.00 should accelerate the active intermediate impulse sequence (5) from the start of October. Given the strong […]

The post Gold Wave Analysis appeared first on Action Forex.

previous

Sunset Market Commentary

next

UK Budget Preview: GBP/USD, GBP/JPY and EUR/GBP Price Action Ideas

Read More

08/04/2024

US CPI Data Unlikely to Ease Sticky Inflation Worries, But Will Markets Care?

US CPI inflation expected to have ticked up in March But markets may shrug it off if core figure inches lower Data due at 13:30 GMT, Wednesday, will be followed by FOMC minutes at 18:00 GMT Will CPI report boost rate cut bets? Inflation data according to the CPI and PCE measures have started to […]
15/03/2024

Fed Decision: Will the New ‘Dot Plot’ Boost Dollar?

Fed will announce its latest decision at 18:00 GMT Wednesday Almost certain to keep rates steady, so focus will fall on ‘dot plot’ Signals of fewer rate cuts this year could help the dollar recover Solid economy pushes back Fed cuts The US economy continues to defy expectations. Economic growth is on track to hit […]
30/07/2024

AUDCHF Wave Analysis

AUDCHF reversed from key support level 0.5735 Likely to rise to resistance level 0.5850 AUDCHF currency pair recently reversed up with the daily Japanese candlestick Piercing Line from the key support level 0.5735 (the previous monthly low from April, as can be seen below). The support level 0.5735 was strengthened by the nearby lower daily […]