Gold reaches 1,275 on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The sharp decline in oil prices also weakened the sentiment around the European markets, which were already under pressure from the ECB president's comments."
- Val Kensington (based on Investing.com) 

Pair's Outlook 
The bullion continued its surge on Friday, as the yellow metal gained strength and the price changed from 1,268.61 to 1,272.83. In addition, as the markets opened on Monday, the metal started trading at 1,275.53. At the moment, gold is struggling with the resistance provided by monthly R1 at 1,278.63, as it bounced off it On Friday and on Monday morning. If the metal changes direction, it will fall to at least the level of 1,261.90, where the weekly PP is located. 

Traders' Sentiment 
SWFX traders have not changed their positions since Friday, as the sentiment is still bearish with 53% of open positions being short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 13 Jun 2016 14:31:05 GMT

EUR/JPY drops on risk aversion

Friday ended with the European currency slumping against the Japanese Yen, therefore, breaching the falling wedge pattern to the downside, rather than the upside.

Mon, 13 Jun 2016 07:47:13 GMT

USD/JPY dives, as risk-off sentiment preponderates

As was anticipated the USD/JPY currency pair kept gravitating towards the 107.00 major level on Friday, unable to close far away from that area and, as a result, remained relatively unchanged.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.