© Dukascopy Bank SA
While being locked in the bullish tunnel, the most traded precious metal managed to attain more than a three-month high of $1,332.64 but now gold is trading at $1,324.51, slightly below the recent high. However, given bullishness on the market (over 74% of all positions are long) as well as positive fundamentals (physical demand across the globe is rising), the precious metal is strong enough to prolong the rally in the days to come.
© Dukascopy Bank SA