© Dukascopy Bank SA
- based on Realtime Forex
Pair's Outlook
The yellow metal stopped its six consecutive trading session surge on Thursday, as the metal dropped from 1,363.66 at the start of Thursday's trading session to 1,360.94 at the end of day's trading. In addition, the bullion continues to drop on Friday, as it opened today's session at 1,359.40, and was trading at 1,357.70 by 5:00 GMT. In the meantime, aggregate technical indicators forecast a surge for the metal today and no changes for the next week.
Traders' Sentiment
SWFX traders have decreased their bearish sentiment on Friday, as 55% of open positions are short compared to yesterday's 58%. In the meantime, pending orders in the 100-pip range are 68% long.
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