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Gold price started a fresh surge above the $3,250 resistance level. WTI Crude oil prices climbed higher above $60.00 and might extend gains. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Gold price started a fresh surge and traded to a new record high at $3,384 against the US Dollar. A key […]

The post Gold Extends Record Run, WTI Crude Oil Rebound in Tandem appeared first on Action Forex.

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21/12/2023

WTI Crude Oil Hovers Near the Upper Boundary of the Channel

WTI crude attempts to surpass 74.00 Immediate resistance near 200-day SMA Stochastic looks overbought WTI crude oil futures are battling with the 74.00 round number, within a downward sloping channel that has been drawn since September 28. Technically, the MACD is advancing above its trigger line in the negative territory, while the stochastic oscillator is […]
04/06/2024

Bearish Elliott Wave Sequence in Dollar Index (DXY) Favors Downside

Short Term Elliott Wave in Dollar Index (DXY) shows incomplete bearish sequence from 4.17.2024 high. Down from there, wave 1 ended at 104.08 like the 1 hour chart below shows. Rally in wave 2 unfolded in a double three Elliott Wave structure. Up from wave 1, wave (w) ended at 104.79 and dips in wave […]
14/08/2024

Market Analysis: AUD/USD Rallies While NZD/USD Trims Gains

AUD/USD is consolidating gains near the 0.6620 zone. NZD/USD is trimming gains and struggling to stay above the 0.6000 pivot zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a downside correction from 0.6640 against the US Dollar. There is a key bullish trend line forming with support at 0.6610 on […]