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Gold prices break descending trend line Medium-term trend remains neutral RSI indicates overbought market Gold prices posted an impressive bullish rally in the preceding week, touching the upper boundary of the medium-term trading range at 2,088 and penetrating the downtrend line to the upside. The technical oscillators are confirming this view. The MACD is strengthening […]

The post Gold Rally Pauses at 2,088 After Strong Bullish Move appeared first on Action Forex.

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27/07/2024

Markets Weekly Outlook: Central Banks and US Earnings. Will BoJ Hike Rates?

Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment […]
17/04/2024

NZ First Impressions: Consumers Price Index, Q1 2024

Consumer prices rose by 0.6% in the March quarter, leaving them up 4.0% over the past year. The total was a little below our forecast, but domestically-driven inflation remains surprisingly strong. Consumers Price Index, March quarter 2024 Consumer prices rose 0.6% in the March quarter, with prices up 4% over the past year. The result […]
12/08/2024

WTI Wave Analysis

WTI reversed from support zone Likely to rise to resistance level 78.00 WTI crude oil recently reversed up from the support zone set between the strong support level 72.40 (which has been reversing the price from February) and the lower daily Bollinger Band. The upward reversal from this support area stopped the c-wave of the […]