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Key takeaways Gold’s sharp correction: XAU/USD plunged over 8% from its all-time high of US$4,381, marking its steepest drop since August 2020. Short-term bullish reversal signs: Technical indicators, including bullish “Hammer” candlestick formations and RSI divergence, signal potential rebound momentum. Medium-term uptrend intact: Gold remains supported by a sustained downtrend in the 10-year US Treasury […]

The post Gold (XAU/USD): Short-Term Bullish Reversal Triggered After 8% Sell-Off appeared first on Action Forex.

Gold price started a downside correction from $4,380. WTI Crude oil is now attempting to recover after sliding toward $56.00. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today Gold price climbed higher toward the $4,380 zone before there was a sharp decline against the US Dollar. It traded below a bullish trend […]

The post Gold Dips From Highs As WTI Crude Oil Attempts Rebound appeared first on Action Forex.

Market Overview The crypto market cap changed slightly over the past day, remaining at $3.65 trillion, completing a full circle with a 5% increase and a return. Relatively small coins such as Zcash (+6.6%), Dash (+3%) and Tezos (+2.7%) performed slightly better than the market, remaining unaffected by the fluctuations in risk appetite among large […]

The post Crypto’s Sell-the-Growth Mode appeared first on Action Forex.

Gold prices face continued pressure from a resilient US dollar and expectations that the Federal Reserve will maintain its restrictive monetary policy stance. These headwinds have triggered a technical correction in the precious metal. However, ongoing geopolitical tensions and instability in the Middle East continue to underpin demand for safe-haven assets, providing a buffer against […]

The post Gold Undergoes Correction Amid Divergent Forces appeared first on Action Forex.