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As shown by today’s XAU/USD chart, the price of an ounce of gold is around $2,628, marking a new all-time high for three consecutive trading days: 20th, 23rd, and 24th September. The bullish sentiment in the gold market is driven by: → the reaction to Wednesday’s decision by the Federal Reserve to cut interest rates […]

The post Price of Gold Continues to Hit Record Highs appeared first on Action Forex.

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14/10/2024

Gold Might Take Another Bullish Shot

Gold enters a new bull run; shifts spotlight to all-time high Technical signals point to more upside; close above 2,650 needed Gold started a new bullish corrective phase near the 2,600 level last week, adding extra credence to its upward trend that has been active for more than two months. On Monday, the price climbed […]
20/06/2024

Ethereum and Solana Get Support

Market picture The crypto market added 1% in 24 hours to $2.4 trillion, supported by positive momentum in Bitcoin (+0.9%) and interest in Ethereum (+2%). Top altcoins are mostly adding to the levels of the day before except for falling Solana (-1.6%), but it too has been rising over the last hours. Toncoin is adding […]
22/01/2024

EUR/USD Could Restart Increase If It Clears This Resistance

Key Highlights EUR/USD declined below 1.0920 and tested the 1.0845 zone. A key bearish trend line is forming with resistance near 1.0900 on the 4-hour chart. GBP/USD is eyeing a decent increase above the 1.2750 resistance. Gold prices found support near $2,000 and started a fresh increase. EUR/USD Technical Analysis The Euro failed to clear […]