Most likely, as a few weeks ago, a large correction pattern is forming on XAUUSD, taking the form of a cycle triple zigzag. The 1H timeframe shows the structure of the completed cycle intervening wave x, which looks like a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. There is a possibility that the cycle wave z takes the […]
The post XAUUSD: Bulls Have a Great Potential to Bring the Price to 1802.65 appeared first on Action Forex.
RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
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In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…