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Oil prices rebounded sharply today, with WTI crude rising back above the 60 mark, as geopolitical tensions re-entered focus after the Trump administration imposed new sanctions on Russia’s two largest oil producers, Rosneft and Lukoil. The U.S. Treasury said the move was in response to Moscow’s “lack of serious commitment” to a peace process to […]

The post WTI climbs Past 60 after US sanctions on Russia Fall from 78.87 run its course? appeared first on Action Forex.

Key Highlights Gold extended its rally and traded to a new record high above $4,380 before correcting lower. It traded below a key bullish trend line with support at $4,120 on the 4-hour chart. WTI Crude Oil prices could struggle to recover above $60.00. EUR/USD is again moving lower below 1.1650 and 1.1620. Gold Price […]

The post Gold Retreats From All-Time High — Market Awaits Next Catalyst For Direction appeared first on Action Forex.

GBPCAD: ⬇️ Sell GBPCAD reversed from resistance area Likely to fall to support level 1.8600 GBPCAD currency pair recently reversed down from the resistance area located between the resistance levels 1.8835 and 1.8900 (which has been reversing the price from June). The downward reversal from this resistance area formed the daily Japanese candlesticks reversal pattern […]

The post GBPCAD Wave Analysis appeared first on Action Forex.

Silver stabilized after finding temporary footsteps at important Fibo support at $47.60 (38.2% retracement of $36.20/$54.64 rally). Fresh bears take a breather after massive loss on Tuesday, when the metal’s price fell 7%, in the biggest daily drop since 11 Aug 2020. Pullback from new record high ($54.64) started on Friday and accelerated on Tuesday, […]

The post Silver: Sharp Pullback May Extend as Near-Term Sentiment Negative appeared first on Action Forex.

The short-term Elliott Wave analysis for the DAX Index indicates it is nearing the completion of a cycle from its April 2025 low, unfolding as wave (5). From the June 19 low, wave (5) has developed as an ending diagonal Elliott Wave structure. The rally from this low saw wave 1 peak at 24639.1, followed […]

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