We have been keeping a close eye on gold for a potential swing low, and a combination of price action and sentiment analysis suggests we may have seen it. Over the past 48-hours conditions have turned favourably for gold traders. Risk-off flows stemming from the EU’s decision to ban Russian oil imports helped support prices […]
The post Conditions May Have Turned Favourably for Gold Bugs appeared first on Action Forex.
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. When you’re feeling drained — and it’s only the middle of Read more…
The UK private sector contracted sharply in April, with the flash PMI Composite falling from 51.5 to 48.2, the lowest reading in 29 months. PMI Manufacturing dropped from 45.3 to 44.0, a 20-month low. PMI Read more…
Gold pulls back after sharp rally to all-time high. Bearish candlestick pattern emerges; overbought signals confirmed. Sellers eye a close below 3,290 to target lower levels. Gold opened Wednesday’s session with a downside gap, extending Read more…