Gold has hit a glass ceiling at $2525 an ounce on the spot market, which it has been battling against for the past two weeks. A series of smaller and smaller pullbacks and more frequent rallies to the resistance indicate impressive buying pressure. Under these conditions, we should expect a breakout to the historical highs […]
The post Gold Tries to Break Out of a Triangle appeared first on Action Forex.
Significant volatility was seen in the global financial markets last week, driven by the highly anticipated US presidential election. Contrary to expectations of a tight contest, Donald Trump secured a comfortable victory over Kamala Harris, Read more…
EUR/USD’s fall from 1.1213 resumed to 1.0681 last week but recovered since then. Initial bias remains neutral this week first and some more consolidations could be seen. But outlook will stay bearish as long as Read more…
USD/JPY edged higher again last week but retreated after hitting 154.70. Initial bias remains neutral this week for more consolidations. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the Read more…