Gold rose to 4,600 USD per ounce on Tuesday, continuing its recovery from the previous session, and is now trading around 4,548 USD. Market sentiment was supported by hopes of a possible resumption of negotiations between the US and Iran, which has somewhat eased concerns over inflation and the energy crisis. US President Donald Trump […]
The post Gold Recovers Some Losses: What’s Driving the Market? appeared first on ActionForex.
Intraday bias in EUR/USD remains neutral as consolidations continue above 1.1607 temporary low. Risk will stay on the downside as long as 55 4H EMA (now at 1.1686) holds. Rebound from 1.1408 could have completed Read more…
No change in USD/JPY’s outlook as rise from 155.01 is in progress to retest 160.71 high Strong resistance is expected from there to start the third leg of the near term corrective pattern. On the Read more…
Intraday bias in GBP/USD remains neutral for the moment and some consolidations would be seen above 1.330. Further fall is expected as long as 55 4H EMA (now at 1.3469) holds. Below 1.3300 will target Read more…