USDCHF broke resistance zone Likely to rise to resistance level 0.8730 USDCHF currency pair recently broke the resistance zone between the resistance level 0.8600 (which stopped the previous impulse wave 3) and the 61.8% Fibonacci correction of the downward impulse from August. The breakout of this resistance zone accelerated the minor impulse wave 5 of […]
Gold prices are being supported by a shift in Chinese monetary policy, and geopolitical developments. China has resumed gold purchases after a six-month pause. From a technical perspective, gold is currently caught between support at $2650 and resistance at $2700. A break above $2700 could signal further upside potential. Gold has started the week on […]
The post Gold (XAU/USD) Eyes $2,700 as Fed Rate Cut Looms, Geopolitics in Focus appeared first on Action Forex.
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