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Source: Action Forex News Agency
4 weeks ago
Forex Medium Importance
XAU/USD: Gold Tests Its Trendline After a Powerful August Rally

XAU/USD: Gold Tests Its Trendline After a Powerful August Rally

Gold has staged a remarkable comeback, surging almost 14% in August alone and reclaiming levels not seen since May, a stark reversal from late July, when prices had dipped below $4,000. The rally has been driven by a genuinely unusual combination of forces: the US Treasury's surprise decision to double its long-dated bond buyback programme reignited fears over fiscal credibility and dollar debasement, while persistent Middle East tensions and steady Chinese buying have kept safe-haven demand firmly in place.

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Source: Action Forex
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Source: Forexcom News Agency
4 weeks ago
Forex Medium Importance AI Analyzed
Australian Dollar Forecast: AUD/USD Breakout Rally Nears Pivotal Resistance

Australian Dollar Forecast: AUD/USD Breakout Rally Nears Pivotal Resistance

AUD/USD continues to build on an impressive multi-month recovery, with the rally extending nearly 5% from the June low. The advance remains constructive as buyers attempt to clear the median line of the 2025 uptrend, but a major resistance confluence just overhead raises the risk for near-term price inflection.

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AUDUSD AUD/USD
Source: Forexcom
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