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The price of gold declined to 3,307 USD per troy ounce on Tuesday as investor appetite for risk increased amid growing optimism over a potential de-escalation in US-China trade tensions. Trade optimism weakens demand for safe-haven assets The improvement in market sentiment stems from the high-level trade talks between the US and China, which began […]

The post Gold Under Pressure Again as Risk Appetite Improves appeared first on Action Forex.

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14/04/2025

Markets Eye “Tariff Turmoil”

In focus this week Markets are anxiously assessing US President Trump’s next moves in the ongoing “Tariff Turmoil”. At the time of writing, most countries face a 10% duty on most exports and a 25% tariff on cars, steel, aluminium as well as most goods from Canada and Mexico. Meanwhile China faces a 145% tariff, […]
26/05/2025

The Power of Elliott Wave Blue Boxes: GBPUSD’s Perfect Bounce

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of GBPUSD. In which, the rally from 13 January 2025 low is unfolding as an impulse sequence & showed a higher high sequence therefore, called for an extension higher to take place. We knew that the structure in […]
15/01/2024

CHFJPY Wave Analysis

CHFJPY reversed from resistance level 170.50 Likely to fall to support level 168.95 CHFJPY currency pair recently reversed down from the key resistance level 170.50 (former double top from November). The downward reversal from the resistance level 170.50 created the daily candlesticks reversal pattern Dark Cloud Cover. Given the overbought daily Stochastic, CHFJPY currency pair […]