Logo-color Logo-white

Hello fellow traders, In this technical article, we are going to present Elliott Wave charts of GOLD (XAUUSD) . As our members know we are long in GOLD from previous equal legs area. As a result, members are enjoying profits in risk-free positions. Recently ,the commodity completed its intraday correction at the Equal Legs zone. […]

The post GOLD (XAUUSD) Elliott Wave: Forecasting the Rally From Equal Legs Area appeared first on Action Forex.

previous

Cliff Notes: Fickle Sentiment

next

USD/JPY Upsides Capped—Bulls Struggle to Break Through

Read More

12/06/2024

EURGBP Prints New 22-Month Low

EURGBP continues to fall after bearish gap Price shifts neutral outlook to negative MACD and RSI hold in oversold regions EURGBP opened with a significant bearish gap on Monday after the European elections on Sunday, sending the pair towards a fresh 22-month low of 0.8416. The pair is holding well below the medium-term trading range […]
12/08/2024

Gold on Track to Revisit All-Time High

Gold advances after bouncing off 50-day SMA The bulls eye recent record high as next target Oscillators are cautiously tilted to the upside Gold has been trading back and forth within a range in the past month, unable to adopt a clear directional impetus. In the near term though, the precious metal has been on the rise […]
31/05/2024

OPEC+ Meeting Could Switch Oil Regime

Oil declined for the second day in a row, reversing down from its 200-day moving average for the third time this month. An OPEC+ meeting is scheduled for this weekend with enough potential to break the tie. Oil’s upward trend that started in December stopped in April with an impressive 12% correction. But it failed […]