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Gold prices are making a fresh play for the $3400/oz handle, but will a break prove to be sustainable or not? This question remains front and center as trade tensions rise once more. The precious metal peaked just above the $3400 handle but failed to hold before a selloff saw the precious metals price drop […]

The post Gold’s (XAU/USD) Price Forecast: Will Gold Gain Acceptance Above the $3400/oz Handle? appeared first on Action Forex.

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28/10/2024

Not a Stronger Dollar, But Weaker Others

The Dollar Index has climbed 4.5% over the past four weeks, a movement that’s not unusual compared to longer and sharper rallies in recent years. However, what stands out is that equities and gold are also on the rise alongside it. It’s probably more accurate to talk about a decline in competitors rather than a […]
26/03/2025

UK Inflation Declines

Today, the latest UK Consumer Price Index (CPI) figures were released. According to ForexFactory: The actual annual CPI came in at 2.8%, Analysts had expected it to remain at the previous level of 3.0%. As a result, the British pound weakened, and a slight spike in volatility was observed on the FTSE 100 stock index […]
06/12/2024

Is EURUSD Ready for a Bullish Reversal?

EURUSD fights for a bullish reversal above 1.0600 Upward moves may face choppy conditions EURUSD has started to show some signs of life. The pair seems to have formed an inverse head and shoulders pattern around a two-year low of 1.0330 in the four-hour chart, sparking speculation that a positive turnaround could be around the corner.   The […]