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With the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025. The XAU/USD chart reveals that gold prices have been moving within an ascending channel, gaining approximately 27% […]

The post XAU/USD Chart Analysis and Analytical Gold Price Forecast for 2025 appeared first on Action Forex.

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30/07/2024

USDJPY Wave Analysis

USDJPY reversed from support level 151.95 Likely to rise to resistance level 155.00 USDJPY currency pair recently reversed up from the powerful support level 151.95 (former major resistance from 2022 and also the yearly high from last year), standing close to the 50% Fibonacci correction of the upward impulse from 2023. The upward reversal from […]
19/12/2023

Gold Price Could Struggle To Gain Traction – Here’s Why

Key Highlights Gold prices dropped toward the $1,970 support before the bulls appeared. A key bearish trend line is forming with resistance near $2,036 on the 4-hour chart. Crude oil prices started a recovery wave above the $71.20 resistance. AUD/USD rallied and cleared the 0.6700 resistance zone. Gold Price Technical Analysis Gold failed to continue […]
27/05/2024

Quiet Start to a Week Where Inflation Will Be in Focus

In focus today The week kicks off with a very light schedule. We receive the Germany Ifo indicator for May at 10.00 CET. The past two months have seen an increase in the assessment of the business situation, and it will be interesting to see if this continued in May. The US is out today […]