Gold inched higher as the US dollar index pulled back from a two-decade high. The price action has stabilised near January’s lows at 1790. A bullish RSI divergence indicates a loss of bearish momentum in this critical demand area, triggering a buy-the-dip behaviour. Sellers’ profit-taking could drive the precious metal higher. A bounce above 1858 […]
The post XAU/USD Tests Critical Floor appeared first on Action Forex.
Daily Pivots: (S1) 158.68; (P) 159.21; (R1) 159.58; More… USD/JPY is extending consolidations below 159.74 and intraday bias remains neutral. On the upside, above 159.74 will target a retest of 161.94. Firm break there will Read more…
The global markets are holding in limbo today as the initial surge in geopolitical risk faded and attention shifted back toward the upcoming Fed decision tomorrow. While tensions in the Middle East remain elevated, price Read more…
For Americans considering retirement abroad without leaving the U.S. financial system, Puerto Rico often appears near the top of the list. The Caribbean island offers tropical weather, a vibrant culture and the familiarity of a Read more…