Gold plummeted in the face of Powell’s hawkish interest rate rhetoric on Tuesday, reversing March’s gains from 1,858 to pause at 1,809 earlier today. Encouragingly, the precious metal seems to have formed a doji morning star candlestick near its recent lows in the four-hour chart, with traders waiting to see whether the market can confirm […]
The post Gold Gives up March’s Gains, Looks Oversold appeared first on Action Forex.
Daily Pivots: (S1) 188.59; (P) 188.92; (R1) 189.33; More… Range trading continues in GBP/JPY and intraday bias stays neutral. Risk will remain on the downside as long as 190.06 resistance holds. Below 184.35 will target Read more…
Daily Pivots: (S1) 161.70; (P) 161.95; (R1) 162.21; More… Range trading continues in EUR/JPY and intraday bias stays neutral for the moment. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 Read more…
Daily Pivots: (S1) 0.8558; (P) 0.8570; (R1) 0.8583; More… Intraday bias in EUR/GBP stays neutral as consolidation from 0.8737 is still extending. Further rise is expected as long as 0.8518 support holds. On the upside, Read more…