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Fundamental Analysis Spot gold (XAU/USD) is steady near 2567.79 after rebounding from a two-month low of 2530, impacted by the strong US dollar and Jerome Powell’s recent speech. The US Dollar Index (DXY) reached a year-to-date high, bolstered by persistent inflation, a robust labour market, and Powell’s optimistic comments describing the US economy as “remarkably […]

The post XAUUSD: Key Levels Amid USD Strength and Powell’s Remarks appeared first on Action Forex.

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27/12/2023

GBP/USD Seems Primed For More Gains Above 1.2800

Key Highlights GBP/USD is eyeing more gains above the 1.2750 level. A major bullish flag is forming with resistance near 1.2725 on the 4-hour chart. EUR/USD is gaining bullish momentum above the 1.0980 zone. Oil prices could gain pace for a move toward the $78 level. GBP/USD Technical Analysis The British Pound formed a base […]
29/12/2023

AUDUSD Wave Analysis

AUDUSD reversed from resistance level 0.6865 Likely to fall to support level 0.6800 AUDUSD currency pair recently reversed down from the major resistance level 0.6865 (which has been reversing the pair from June). The resistance level 0.6865 was further strengthened by the nearby upper daily Bollinger Band. Given the strength of the resistance level 0.6865 […]
29/07/2024

Crypto Market Gains on Heavyweights

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