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Gold outperforms other asset classes; provides protection against risk events Tailwinds could persist as Q4 agenda includes US election, Fed policy, and geopolitical risks Technical outlook remains positive; another bull run could commence Previously in Q3 It’s a golden age for gold which has been exhibiting an unprecedented performance so far this year, adding another 14% […]

The post What’s in Store for Gold in Q4? appeared first on Action Forex.

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22/05/2024

NZDUSD Posts New 2-Month High

NZDUSD starts the day with strong upside momentum after RBNZ decision MACD and RSI tick higher NZDUSD had an aggressive bullish start at the beginning of the day, following the bounce off the 0.6080 support level and creating a spike towards a fresh two-month high of 0.6151 after the RBNZ’s interest rate decision. The market […]
17/04/2024

NZDUSD Bounces Off 5-Month Low

NZDUSD posts some gains after negative days Immediate resistance at 0.5940 Stochastics and RSI tick higher NZDUSD rebounded off the five-month low of 0.5858 after three straight negative days with the technical oscillators confirming that an upside recovery may be on the cards. The RSI is pointing north near the 30 level, while the stochastic posted a bullish crossover […]
27/05/2024

Will Gold Resume Its Prevailing Uptrend?

Gold stabilizes after last week’s sharp slide Oscillators point to corrective phase A break of record high could challenge $2,500 For the outlook to change, a dip below $2,145 may be needed Gold stabilized on Friday and is recovering ground today, following a decent drop from its record high at around $2,450 on May 20. […]