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Gold trades higher, but withing a broader sideways range RSI and MACD imply strengthening upside momentum A break above 2388 could add to the bullish case A dip below 2340 may allow declines within the range Gold is moving higher today, after hitting support near the 2,450 zone yesterday. The precious metal is trading above the […]

The post Is It Time for Gold to Emerge Above Key Resistance? appeared first on Action Forex.

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27/12/2023

EUR/USD Extends Rally While USD/JPY Revisits Support

EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above the 1.0985 resistance zone. There is a key bullish trend line forming with support near 1.1020 on the […]
14/08/2024

Soft-Landing, or No Soft-Landing, That Is the Question: Part II

Part II: Quantifying Episodes of Soft-Landing, Stagflation and Recessions Summary In the second part of the series, we quantify episodes of soft-landings, stagflation and recessions during the post-1950 period. To the best of our knowledge, we are the first to present a framework to quantify periods of soft-landing for the U.S. economy. Our work estimates […]
12/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently demonstrates a bearish overall momentum, indicating a weaker stance for the US Dollar. This momentum suggests the potential for a bearish continuation towards the 1st support level. The 1st support at 101.77 is recognized as an overlap support and coincides with the 50% Fibonacci Retracement level. This […]