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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
Gold's Rally Looks Real. Three Markets Will Decide Whether It Reaches 4,500

Gold's Rally Looks Real. Three Markets Will Decide Whether It Reaches 4,500

TL;DR: Gold's rebound has technical and macro confirmation behind it, but whether it extends toward 4,500 depends on three interlinked markets — Brent crude, US Treasury yields, and Fed rate expectations — all still hinging on whether Strait of Hormuz negotiations produce a durable breakthrough.

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XAUUSD XAU/USD
Source: Action Forex
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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
Gold Pushes Higher as Buying Interest Strengthens

Gold Pushes Higher as Buying Interest Strengthens

The 4-hour chart of XAU/USD indicates that the price surpassed a major contracting triangle with resistance at $4,090. There was a close above $4,150, the 100 Simple Moving Average (red, 4 hours), and the 200 Simple Moving Average (green, 4 hours).

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XAUUSD XAU/USD
Source: Action Forex
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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
EUR/USD breakout shifts focus to payrolls, peace deals

EUR/USD breakout shifts focus to payrolls, peace deals

EUR/USD has broken higher after spending much of this year trapped beneath downtrend resistance. Whether it sinks or swims will likely be determined by the incoming flow of US economic data and developments in the Gulf.

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EURUSD EUR/USD
Source: Forexcom
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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
USD/JPY: A Contrarian Case

USD/JPY: A Contrarian Case

Merely for a point of reference, it's uncomfortable how much of the crowd seems to remain bullish in USD/JPY. This is anecdotal, of course, and observational so somewhat subjective, but putting all the pieces together seem to make the risk-reward potential in USD/JPY look askew to the upside.

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JPYUSD JPYUSD
Source: Forexcom
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