Gold stretched Friday’s upleg to an intra-day high of 1,670 before turning negative again below 1,660 on Monday. In terms of market trend, the precious metal seems to be forming a bullish double bottom pattern around 1,614, though a durable extension above the 1,730 neckline is required to confirm it. Encouragingly, the previous three candlesticks resembled a […]
The post Gold’s Bearish Trend Falters, But Sellers Still in Play appeared first on Action Forex.
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.35 per cent. Inflation picked up materially in the second half of 2025, and information since the Read more…
Key takeaways Macro risks and policy divergence in focus: Markets are bracing for the Reserve Bank of Australia rate decision, while strong US data reinforces a “higher-for-longer” Fed stance. Meanwhile, escalating US–Iran tensions have pushed Read more…
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…