Gold is mostly missing the latest party of financial markets, where risk appetite has increased. The value of the troy ounce has changed little since last Friday, mostly hovering in a narrow range of $1702-1716, near the lows since April 2021. On the technical analysis side, gold is oversold on the daily charts, as RSI […]
The post Gold Missed the Latest Rally, But Prepares for a Notable Reversal appeared first on Action Forex.
Key Highlights EUR/USD extended losses and traded below 1.1480. A key bearish trend line is forming with resistance at 1.1550 on the 4-hour chart. GBP/USD also declined further and traded below 1.3320. Crude oil prices Read more…
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