Logo-color Logo-white

Key Highlights Gold corrected gains after it failed to clear the $3,400 resistance. A major bearish trend line is forming with resistance at $3,345 on the 4-hour chart. WTI Crude Oil prices declined below the $63.20 support zone. EUR/USD is consolidating above the 1.1600 support zone. Gold Price Technical Analysis Gold prices failed to settle […]

The post Gold at a Pivotal Level – Can Momentum Flip Higher Now? appeared first on Action Forex.

previous

RBNZ: A Big Change in Strategy – Time for Stimulation

next

Sunset Market Commentary

Read More

28/01/2025

WTI Oil: Bears Taking a Breather

WTI oil price edged higher from new almost one month low on Tuesday, signaling that steep fall that extends into second week, may take a breather. The drop was sparked by profit-taking from previous $66.98/$79.35 rally, likely boosted by signals from President Trump about pressuring OPEC to drop oil prices to harm Russian oil exports […]
07/11/2024

Rate Decisions and German Politics Join US Election as Key Market Focus Areas

In focus today Today, focus will remain on investors digesting the US election result. In addition, German political uncertainty has resurfaced (see below) and we are in for several important monetary policy decisions. We expect Fed to cut rates by 25bp to 4.75%, the BoE to cut by 25bp to 2.75%, the Riksbank to cut […]
08/02/2024

US 30 Index Flirts With All-Time High

US 30 index retains bullish outlook above uptrend line Technical oscillators indicate more gains The US 30 (cash) index is traveling slightly below the all-time high of 38,782 and above the medium-term rising trend line, suggesting a potential move to the upside again. Given the current positive momentum, the question now is whether the index […]