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Trump’s election invites gold bears into the game Bets of slower rate cuts by the Fed may be the main driver PBoC pauses purchases, but strategy likely not changed Speculation around geopolitics may also be weighing Trump wins but gold loses After hitting a record high of around $2,790 on October 30, gold entered a […]

The post Is Trump’s Election the End of Gold’s Bull Run? appeared first on Action Forex.

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19/03/2024

EURCHF Wave Analysis

EURCHF under bullish pressure Likely to rise to resistance level 0.968 EURCHF under the bullish pressure after the pair broke the key resistance level 0.9600 (which stopped the previous impulse wave i at the start of March). The breakout of the resistance level 0.9600 accelerated the C-wave of the active intermediate ABC correction (2) from […]
28/08/2024

Gold: Long-Term Bullish, Short-Term Correction

The Federal Reserve is widely expected to cut interest rates soon, which has boosted the appeal of gold. However, Daniel Ghali, a Senior Commodity Strategist at TDS, warns that a potential correction in gold prices is becoming more likely. Current investor positioning in gold has reached levels last seen during the pandemic, which often signals […]
03/12/2024

OPEC+ Meeting in Focus: Will Oil Production Cuts Continue Through March 2025?

Oil prices are currently stable, but OPEC+ is likely to extend oil output cuts into Q1 2025 due to weaker global demand. China’s oil demand may have peaked due to a decline in transport fuel demand and the rise of electric vehicles. Upcoming API and EIA oil inventory data releases will provide insights into U.S. […]