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Gold price started a fresh increase above the $2,665 resistance level. WTI Crude oil prices climbed higher above $77.00 and might extend gains. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Gold price started a steady increase from the $2,630 zone against the US Dollar. It cleared a key bearish trend line […]

The post Gold and WTI Crude Oil Prices Regain Momentum appeared first on Action Forex.

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16/01/2024

EUR/USD: Euro Loses Ground, Key Supports Under Increased Pressure

The Euro accelerated lower in Europe, shifting near term focus to the downside after a double failure at psychological 1.10 barrier. Fresh bears pressure pivotal Fibo support at 1.0875 (38.2% retracement of 1.0448/1.1139, reinforced by rising 55DMA), with firm break here to signal an end of extended consolidation, completion of a double-top (1.10) and further […]
28/02/2024

Crypto: Extreme greed is not a sell signal

Market picture The cryptocurrency market is developing gains, rising 2.2% on the day to $2.17 trillion. These levels replicate the April 2022 peak. Bitcoin is now only 15% below its all-time high, while total capitalisation is 38% below its peak. A further move higher would be a repeat of the early 2022 highs. The Cryptocurrency […]
04/07/2024

Brent Crude – Oil Runs into Resistance as EIA Inventories Fall

Brent Crude oil prices rose on Wednesday due to a larger-than-expected draw in US crude inventories. The market anticipates further inventory reduction, leading to potential support for prices in Q4. Technical analysis suggests bullish continuation, with a key resistance level at 87.90 and potential for a move towards 90.00 if this level is breached. Brent […]