Gold experienced a sharp decline after trading sideways for the last two weeks. Although the precious metal has managed to bounce back in the last few four-hour sessions, the 200-period simple moving average (SMA) and the lower boundary of the Ichimoku cloud are capping its upside. The momentum indicators suggest that the near-term bias is […]
The post Gold Recoups Some Losses But 200-SMA Halts its Advance appeared first on Action Forex.
The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…