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Market Overview The crypto market continues its impressive decline, losing another 2.4% over the past 24 hours. Having fallen to a low of $3.3 trillion, the market is now at its lowest point since early July. A steady move below the 200-day moving average and a drop of more than 20% from its peak are […]

The post If the 4-Year Cycles are Still Alive, BTC Faces a Pullback to $70K appeared first on Action Forex.

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13/03/2024

Gold Price Rally Takes Break, Dips Turn Attractive

Key Highlights Gold rallied above the $2,120 and $2,180 resistance levels. It traded below a key rising channel with support at $2,170 on the 4-hour chart. EUR/USD and GBP/USD started a downside correction. Bitcoin price extended its rally above $72,000. Gold Price Technical Analysis Gold prices started a fresh increase from the $2,050 support against […]
06/12/2024

Signs Growing Euro Area Markets Nearing Peak Pessimism

Markets Rassemblement National’s Le Pen in interview with Bloomberg caused a sigh of relief across markets. After supporting the motion of no confidence that brought down the Barnier government, she’s opened up to any new Prime Minister as long as he/she presents a budget that pencils in a “reasonable trajectory” to bring down outsized deficits. […]
15/07/2024

Gold’s Rally Stalls at 7-Week High

Gold jumped to its highest level since May 22 last week But fails to extend rally, trading flat in past couple of sessions Despite latest weakness, oscillators remain positively tilted Gold has been experiencing solid gains since late June, with the break above its 50-day simple moving average (SMA) and restrictive trendline brightening the short-term technical outlook. […]