The yellow metal is trading down by more than -5% since peaking near $2,000 last week and is now testing its lowest level in more than two months. The US dollar index is rising for its fifth consecutive day as the greenback hits multi-year highs against the euro and British pound among other rivals, and […]
The post Gold Falls to Two-Month Lows as Relentless Dollar Strength Overwhelms Bulls appeared first on Action Forex.
Daily Pivots: (S1) 1.3910; (P) 1.3963; (R1) 1.4028; More… Intraday bias in USD/CAD remains on the upside as rebound from 1.3749 short term bottom is in progress. Break of 55 D EMA (now at 1.4043) Read more…
Daily Pivots: (S1) 0.6332; (P) 0.6397; (R1) 0.6436; More… AUD/USD recovered after breaching 0.6364 support briefly and intraday bias stays neutral. On the upside, break of 0.6511 will resume the rally from 0.5913 to 61.8% Read more…
Daily Pivots: (S1) 1.1022; (P) 1.1132; (R1) 1.1199; More… For now, EUR/USD’s fall from 1.1572 is still seen as a corrective move. Strong support should be seen from 38.2% retracement of 1.0176 to 1.1572 at Read more…