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– based on investing.com
Pair's Outlook
The yellow metal moved lower on Monday, as it was volatile around the 1,315 mark during the day and ended day's trading session at 1,314.29. However, on Tuesday morning the metal regained some of its previous losses, as the commodity had surged to 1,319.15 by 5:00 GMT and had tested the resistance cluster located from the upside, which is made up from the weekly PP at 1,323.60 and 20-day SMA at 1,324.13. However, daily aggregate technical indicators forecast no change for the bullion today.
Traders' Sentiment
SWFX trader sentiment came out of the neutral zone, and it became slightly bullish, as 51% of open positions were long on Tuesday morning. In the meantime, pending orders in the 100-pip range were 66% long.
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