Gold hit the lowest in ten weeks on Wednesday, following fresh acceleration after breaking below the lower boundary of a bear-channel (which repeatedly contained attacks in few previous sessions). Steep bear leg, the part of larger downtrend, extends into fourth straight day and eyes key support at $4099 (2026 low, posted on Mar 23). The […]
The post Gold Continues to Trend Lower and Pressure 2026 Low appeared first on ActionForex.
Financial markets continue to behave as though diplomacy will ultimately prevail in the Middle East. That assumption is becoming increasingly difficult to justify. Over the past 48 hours, the conflict has escalated dramatically following the Read more…
Key Highlights AUD/USD started a fresh decline below 0.7120 and 0.7080. A bearish trend line is forming with resistance at 0.7065 on the 4-hour chart. Bitcoin started a consolidation phase above $60,000. Gold extended losses Read more…
The short-term Elliott Wave structure from the May 6, 2026 peak is developing as a clear five-wave impulse. From the May 6 high, wave ((i)) concluded at $74,192, followed by a corrective rally in wave Read more…