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Source: Action Forex News Agency
3 weeks ago
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Gold at Two-Week Low: Geopolitical Risks Rise Again

Gold at Two-Week Low: Geopolitical Risks Rise Again

Gold traded around 4,460 USD per ounce on Tuesday, remaining near a two-week low. Pressure on the metal has intensified due to rising oil prices and hawkish comments from Fed Chair Kevin Warsh, which have significantly increased expectations of an imminent US rate hike.

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XAUUSD XAU/USD
Source: Action Forex
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Source: Action Forex News Agency
3 weeks ago
Forex Medium Importance AI Analyzed
XAGUSD – Turns Higher After Hitting Extreme Area

XAGUSD – Turns Higher After Hitting Extreme Area

Hello Traders, in today's blog we're reviewing the $XAGUSD wave count shared with members, which highlighted a strong bullish outlook. The Elliott Wave pattern confirmed the move right at the extreme/high‑frequency zone, propelling prices sharply higher.

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XAGUSD XAG/USD
Source: Action Forex
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Source: Action Forex News Agency
3 weeks ago
Forex Medium Importance AI Analyzed
EUR/GBP: Two Weeks of Compression Reach Their Breaking Point

EUR/GBP: Two Weeks of Compression Reach Their Breaking Point

The euro is closing out August with genuine momentum, having climbed to $1.1697 against the dollar, its strongest level in three months, on the back of ECB hike bets that keep gaining traction. French and Spanish inflation both surprised to the upside, with Spain's harmonised reading hitting 4.5%, its highest since 2023, reinforcing market expectations that the ECB deposit rate could climb to 2.80% by next March, from 2.25% currently.

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GBPUSD GBP/USD
Source: Action Forex
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Source: Forexcom News Agency
3 weeks ago
Forex Medium Importance AI Analyzed
US dollar rebound puts gold bear pennant in focus

US dollar rebound puts gold bear pennant in focus

The US dollar is finding support as front-end Treasury yields push higher following Kevin Walsh's hawkish Jackson Hole speech. The renewed bid is weighing on gold, which is coiling within a bearish technical structure that warns of another potential leg lower.

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XAUUSD XAU/USD
Source: Forexcom
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