Gold reaches new height of 1,330 on Friday

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"While European equity prices have suffered the effects of investors' uncertainty over the future of the EU, gold prices and other financial safe havens have benefited – and should continue – to benefit from it."
-Clif Droke (based on investing.com) 

Pair's Outlook 
The yellow metal continued to surge on Thursday after booking gains on Wednesday. At the moment, on Friday the bullion already scored more than the previous day, as the metal has surged from 1,321.90 to 1,330.00 by 5:30 GMT. On its way northward, gold is not facing any resistance up to the level of 1,365.71, where the weekly R1 is located at. However, the metal might struggle with the upper Bollinger band, which is now at 1,342.33. 

Traders' Sentiment 
SWFX traders have not changed their positions regarding gold for the third consecutive trading session, as 53% of open positions are still bearish. However, long pending orders in the 100-pip range have decreased from 70% to 66%.
© Dukascopy Bank SA
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Actual Topics

Fri, 01 Jul 2016 13:08:30 GMT

EUR/JPY ends the week higher

Although the European single currency managed to appreciate against the Japanese Yen on Thursday, the bullish momentum kept fading for the third day in a row.

Fri, 01 Jul 2016 06:33:14 GMT

GBP/USD in tight range between 1.32 and 1.35

"We expect the BoE to ease monetary policy further in the coming months, either through lowering interest rates and/or restarting QE, and/or expanding their 'Funding for Lending' scheme. Further BoE monetary easing should keep downward pressure on the pound through the rest of this year." - Bank of Tokyo-Mitsubishi UJF (based on Business Recorder) Pair's Outlook The British Pound failed to advance for

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