Silver and Gold can’t sustain their previous momentum, seeing renewed bearish flows amid tensions resurfacing Their inverted correlation to Oil and the US Dollar remains strong, with the two bouncing back to start the week Intraday timeframe analysis for XAG/USD (Silver) and XAU/USD (Gold) Today, the Middle East conflict has entered yet another dangerous stage. […]
The post War Fears Tarnish Metals – Silver (XAG/USD) Breaks $75 & Gold (XAU/USD) Tests $4,500 appeared first on ActionForex.
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…
Gold resumed its near-term slide as tensions in the Strait of Hormuz escalated sharply, after Iran struck multiple vessels and set a UAE oil port ablaze. The developments triggered a fresh surge in oil prices Read more…
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