Key Highlights Gold is consolidating gains below the $2,530 resistance. A key contracting triangle is forming with support at $2,495 on the 4-hour chart. Oil prices might extend losses and revisit the $65.00 support. The US Consumer Price Index might increase by 2.6% in August 2024 (YoY), down from 2.9%. Gold Price Technical Analysis Gold […]
The post Gold Awaits US CPI Report, $2,530 Presents Resistance appeared first on Action Forex.
China’s economic data for October showed a mixed performance, with retail sales surpassing expectations while industrial production and fixed asset investment slightly underperformed. Industrial production grew by 5.3% yoy, just shy of the expected 5.4% Read more…
Japan’s economy expanded by 0.2% qoq in Q3 2024, aligning with market expectations but indicating a slowdown from the previous quarter’s momentum. On an annualized basis, GDP grew by 0.9%, surpassing the anticipated 0.7%, yet Read more…
Key Highlights USD/JPY started another increase above the 154.65 resistance. A key bullish trend line is forming with support at 155.25 on the 4-hour chart. Gold extended losses and traded below the $2,600 support. Oil Read more…