Gold experienced a moderate pullback after peaking at the 13-month high of 2,048 in mid-April. Since then, the price has been trading without a clear direction within a rectangle pattern, while the congested region that includes the 50-period simple moving average (SMA) and the lower bound of the Ichimoku cloud has repeatedly curbed upside efforts. […]
The post Gold Stuck in Rangebound Pattern, Capped by 50-SMA appeared first on Action Forex.
Travelers who opt for the cheapest available airline fare will know that the trade-off is giving up the ability to easily adjust one’s ticket if plans change. On top of needing to pay the fare Read more…
Welcoming nearly seven million international visitors in 2024, Brazil was behind only Argentina as the most visited country in South America. The biggest rush of tourists has traditionally descended upon cities like Rio de Janeiro, Read more…
Daily Pivots: (S1) 148.55; (P) 149.65; (R1) 150.37; More… Intraday bias in USD/JPY stays on the downside with 150.72 minor resistance intact. Fall from 158.85 is seen as the third leg of the pattern from Read more…