Logo-color Logo-white

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. […]

The post Will Gold Resume Its Prevailing Uptrend? appeared first on Action Forex.

previous

USD/JPY Steady as BoJ’s Ueda Urges Caution

next

Euro Area Inflation Unlikely to Change ECB’s Outlook

Read More

16/02/2024

USD/JPY Holds Steady As Crypto Market Rallies

Key Highlights USD/JPY started a downside correction from the 150.80 resistance. A major rising channel is forming with support at 149.25 on the 4-hour chart. Gold price dived below $2,000 before it started a recovery wave. Bitcoin price extended its rally above the $52,200 resistance. USD/JPY Technical Analysis The US Dollar remained in a positive […]
19/04/2024

A Lack of Shock and Awe

The United States is an outlier among advanced economies, so how much signal should policymakers elsewhere take from recent upside surprises on US inflation? Less than some people seem to think. Perhaps the issue didn’t strike them as pertinent to a conversation with an Australian. Still, I could not help noticing that none of the […]
09/04/2024

Australian Dollar Extends Gains Despite Soft Confidence Data

The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6620, up 0.25%. Consumer confidence sags Australian consumers have been pessimistic about the economy and their mood soured even more in April. The Westpac consumer confidence index fell 2.4% to 82.4, well below the 100 line which separates […]