Overnight, the gold price briefly exceeded $2300, recording another round level, not counting an update of the all-time high. This is an occasion to assess gold’s prospects, which are becoming a little less unambiguous. Touching the level of $2300 marked the achievement of the 161.8% Fibonacci retracement of the growth impulse from 29 February to […]
EUR/USD has seen a recent rally driven by market reactions to the incoming Trump administration. A divergence exists between technical analysis, suggesting further upside potential, and fundamental factors, pointing towards potential weakness due to policy divergence between the ECB and FED. Key support levels for EUR/USD are 1.0425, 1.0350, and 1.0293, while resistance levels are […]
The post EUR/USD Technical Outlook: Is EUR/USD Poised for Potential 800-pip Rally? appeared first on Action Forex.
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