Spot gold stands at the back foot on Friday and holding in extended consolidation above new multi-month low ($1732) but holding bearish bias. The metal is on track for the fourth consecutive weekly drop, with this week’s fall being the biggest since the second week of June 2021. Gold came under increased pressure on growing […]
The post XAU/USD: Bears Taking a Breather but Gold On Track for the Fourth Straight Weekly Drop appeared first on Action Forex.
Daily Pivots: (S1) 192.86; (P) 193.47; (R1) 194.16; More… Intraday bias in GBP/JPY stays neutral and more more consolidations could be seen below 196.38. Further rise is in favor as long as 190.22 support holds. Read more…
Daily Pivots: (S1) 162.17; (P) 162.78; (R1) 163.42; More… Range trading continues in EUR/JPY and intraday bias remains neutral. Further rally is in favor as long as 161.57 support holds. Break of 165.19 will resume Read more…
Daily Pivots: (S1) 0.8402; (P) 0.8415; (R1) 0.8426; More… Despite some loss of momentum, further fall is still in favor in EUR/GBP with 0.8439 minor resistance holds. Current decline from 0.8737 should target 0.8221/8239 support Read more…