© Dukascopy Bank SA
– based on WBP Online.
Pair's Outlook
The yellow metal fell sharply on Friday, as the bullion erased all gains of the previous week. The metal fell from 1,360 at the start of day's trading session and ended day's trading at 1,335. On Monday morning the commodity had moved slightly up, as it was trading at 1,337.08 by 5:45 GMT. In addition, the metal had been volatile by that point, as it touched the 1,331 level during Monday's trading session.
Traders' Sentiment
SWFX traders were slightly bearish on gold, as 51% of open positions were short on Monday morning. In the meantime, long pending orders had decreased by 20%, compared to Friday, as 53% of commands were long on Monday.
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