Key Highlights Gold declined toward $4,120 and started a consolidation phase. A bearish trend line is forming with resistance at $4,260 on the 4-hour chart. WTI Crude Oil dipped below $92.50 and might extend losses. EUR/USD is still showing bearish signs below 1.1275. Gold Price Technical Analysis Gold failed to stay above $4,250 and declined […]
The post Gold Under Pressure—Could Another Leg Lower Be Coming? appeared first on ActionForex.
USD/CAD has rallied from 1.3730 to 1.4292, stalling right at the 61.8% retracement (1.4290) of the 1.4791–1.3480 decline, with Wednesday’s FOMC minutes and Friday’s Canadian jobs report now standing directly in front of the next Read more…
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Australian consumer sentiment deteriorated sharply in October, with the Westpac–Melbourne Institute Consumer Sentiment Index falling 4.7% from 84.4 to 80.4. The weakness was especially pronounced after the latest RBA rate hike. Sentiment among the 60% Read more…