Gold price eased on Friday after the metal hit new record high on Thursday, with end-of-week partial profit taking being behind the move. Pullback was so far shallow and the price unlikely to make a stronger dip, but rather consolidation and positioning for fresh push higher. Sentiment remains firmly bullish in current circumstances of growing […]
The post Gold Outlook: Limited Pullback from New Record High to Precede Final Attack at $2,700 Target appeared first on Action Forex.
The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…