Gold lost about 3% on Monday alone and touched $1809 at the start of trading on Tuesday. Yesterday’s sell-off provided us with four medium-term bearish signals on the daily timeframes. First, the daily candlestick completely absorbed Friday’s bullish momentum, clearly showing the strength of the bears. Secondly, gold’s recovery stalled on the approach of the […]
The post Bearish Signals in Gold Set Up a Drawdown Potentially to $1630 appeared first on Action Forex.
Discover our Weekly Market Outlook, exploring themes and events that forged financial flows throughout the week. Stock Markets just reached new all-time highs but Investors are awaiting for fundamental confirmation before moving on the the Read more…
The Ministry of Finance (MoF) intervened on April 30 and May 1, 2026, after the USD/JPY pair breached the critical 160.00 level. The aggressive yen-buying action, estimated to be over $30 billion, triggered a sharp Read more…
US Stock Markets are continuing their breakouts to ever-fresher highs, but short-term profit-taking seems to be ruining the party The Dow Jones could retake 50,000 in today’s session barring no weekend-safety trading Exploring Technical Levels Read more…