Gold is stalling just below 4,400 even as oil retreats and the Dollar’s post-FOMC rally loses steam, leaving India’s distorted physical demand as a plausible but unconfirmed partial explanation for the muted rebound.
The post Gold Stalls Below 4,400 as Oil and Dollar Headwinds Fade—What Is Holding It Back? appeared first on ActionForex.
Intraday bias in USD/JPY remains neutral for consolidations below 158.04 temporary top. On the upside, above 158.04 will target 61.8% retracement of 163.97 to 152.87 at 159.72. However, break of 155.32 will turn bias back Read more…
Intraday bias in GBP/USD remains neutral at this point, and some consolidations would be seen above 1.3334. Upside should be limited below 1.3473 support turned resistance to bring another below. Below 1.3334 will target 1.3272 Read more…
Intraday bias in USD/CHF remains neutral for consolidations below 0.8262. Downside should be contained above 0.8156 resistance turned support. On the upside, above 0.8262 will target 100% projection of 0.7760 to 0.8205 from 0.7948 at Read more…