Market News - Gold, Oil & Forex

The short‑term Elliott Wave view in Gold (XAUUSD) shows that the yellow metal has completed a three‑swing correction from the April 17, 2026 high. The pullback unfolded as a zigzag, with wave A ending at $4499.92 and wave B at $4773.58. Gold then declined in wave C to $4365.13, completing wave (2) as seen on […] The post Gold (XAUUSD) Price Action Strong Elliott Wave Impulsive Reaction from Key Support Zone appeared first on ActionForex.

Key insights from the week that was. Australia’s main market event this week was the April CPI which came in slightly below consensus on a headline basis (0.4%, 4.2%yr). Volatile, policy-driven components related to travel drove the outcome – the Federal Government’s temporary halving of fuel excise and some state governments offering free public transport, […] The post Cliff Notes: AI Goes From Strength to Strength appeared first on ActionForex.

Topline data, on their own, can mislead. It pays to look below the surface to see the underlying trend. Headline data can sometimes mislead. One needs to delve into the detail to get the full story. Headline inflation was softer than expected in April, but underlying trends told a different story. Likewise, employment growth was […] The post Peering Below the Surface appeared first on ActionForex.

Markets are rallying due to the finalization of the Peace Memorandum, but final agreement by Trump and Khamenei are still awaited While Nasdaq continues to price heaven and shoot for it, the DJIA is surprisingly unchanged Exploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 Stock Markets are rallying after major diplomatic progress, […] The post Memorandum Is Finalized but Its Agreement Is Still Pending – Dow Jones, Nasdaq and S&P 500 Intraday Levels appeared first on ActionForex.

The Euro and British Pound are consolidating near key support levels, lacking directional momentum as market participants brace for critical US inflation and economic data releases. Traders are closely watching the upcoming PCE price index for clues on Federal Reserve policy.

Alpha Metallurgical Resources (AMR) has climbed to the #30 spot among analysts' top picks in the Global Mining Titans Index, with shares rising 4.4% midday Thursday, signaling growing investor confidence.

Crude oil futures experienced a dramatic reversal, soaring overnight to $92.52 before plummeting nearly 6% to $89 a barrel. This volatility was driven by escalating US-Iran tensions followed by reports of a potential preliminary diplomatic understanding.

Gold has fallen for three consecutive sessions, testing its 200-day SMA at $4,387 per ounce amid persistent US-Iran negotiation uncertainties. Technical indicators suggest further downside risk if key support levels break.

In trading on Thursday, shares of Coeur Mining Inc (Symbol: CDE) crossed above their 200 day moving average of $18.47, changing hands as high as $18.73 per share. Coeur Mining Inc shares are currently trading up about 4.5% on the day. The chart below shows the one year perform

(RTTNews) - Crude oil futures skyrocketed overnight but have shown a significant pullback over the course of the trading day on Thursday.