Daily Pivots: (S1) 1.3116; (P) 1.3150; (R1) 1.3184; More… GBP/USD is still bounded in range above 1.3008 and intraday bias remains neutral. More consolidations could be seen but further decline is expected as long as 1.3247 support turned resistance holds. Break of 1.3008 will target 138.2% projection of 1.3787 to 1.3140 from 1.3725 at 1.2831. […]
The post GBP/USD Mid-Day Outlook appeared first on Action Forex.
Gold prices stabilised around 4,830 USD per ounce on Thursday following a sixth consecutive decline, marking the longest losing streak since late 2024. The market remains under pressure from the Federal Reserve’s hawkish stance, which Read more…
Key takeaways Medium-term downtrend confirmed: Gold (XAU/USD) broke below the $4,960 key support (50-day MA) with a sharp sell-off, invalidating the prior rally as a “dead cat bounce” and signalling the start of a multi-week Read more…
The S&P 500 (SPX) continues to correct the cycle that began from the April 7, 2025 low. The internal subdivision of this correction is unfolding as a double three Elliott Wave structure, which reflects a Read more…