XAU/USD to advance higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Outlook
Today the XAU/USD exchange rate experienced another bullish correction, therefore supporting the interim uptrend. At the particular moment, the price is heading towards the weekly R1 at 1795, which might slow down the uptrend. In case it fails to stop the movement upwards, then the price might reach the upper Bollinger band at 1806, which will probably bring some bearish impetus. Additionally, RSI indicator shows a neutral signal, although the overall indicator outlook remains positive.

Traders' sentiment
SWFX market participants maintain their optimism regarding the XAU/USD exchange rate, as 72% of traders hold long positions and only 28% of traders hold short positions. The orders are distributed in a similar manner, since 82% of traders ordered to buy and 18% ordered to sell gold.
© Dukascopy Bank SA
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Actual Topics

Thu, 20 Sep 2012 07:15:14 GMT

EUR/USD extends bearish correction

EUR/USD has prolonged its dip and looks like 1.3012 in conjunction with 1.2953 will be unable to prevent the price from going lower. And even though in the short term the outlook turned negative, the currency pair will preserve potential to advance up to 1.3425 in the long run as long as an uptrend support at 1.2805/1.2765 remains intact.

Wed, 19 Sep 2012 20:01:07 GMT

GBP/JPY gains bearish momentum

The interim bullish tendency, which started a week ago, has finally ended, and today GBP/JPY experienced a huge bearish reaction. As for now, the price is gradually moving towards the 200-day SMA at 126.27, which will probably slow down the downtrend, however, if it is breached, then next support at 125.96 (weekly PP) might reverse the prevailing movement downwards. Moreover,

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