© Dukascopy Bank SA
- Erik Tatje, RJO Futures (based on Bloomberg)
Pair's Outlook
The yellow metal's price did not fluctuate on Monday morning because it was not being traded. However, previously during Friday's trading session the bullion managed to surge by the end of the day, as it ended day's trading session at 1,132.69. In addition, the commodity price fluctuated more to the upside during the day's trading session, as at one moment the metal's price reached above the 1,135 mark.
Traders' Sentiment
Trader positions remained bullish, as 60% of them were long. Meanwhile, 62% of pending commands were to buy the metal.
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