Note: This section contains information in English only."Global meltdown fears are rising as stocks fall for the eighth day in a row and traders seek safe have in gold and silver."
– Phil Flynn (based on investing.com)
Pair's Outlook
[ANNOUNCE]The yellow metal bounced off the first weekly resistance at 1,366.06 and fell to 1,357.25 on Wednesday. At the start of Thursday's trading session the bullion has fallen even more[/ANNOUNCE] than during yesterday's session, as the metal had fallen to 1,350 by 5:00 GMT. At such rate gold is soon going to reach the support provided by the monthly PP at 1,345.31. However, daily aggregate technical indicators forecast a surge for the metal during today's trading session.
Traders' Sentiment
The SWFX market has not changed during the night, as market sentiment remains 55% short on Thursday. In the meantime, pending orders are 67% long, which indicates at a possible upcoming surge.
Thu, 04 Aug 2016 08:43:53 GMT
Source: Dukascopy Bank SA
– Phil Flynn (based on investing.com)
Pair's Outlook
[ANNOUNCE]The yellow metal bounced off the first weekly resistance at 1,366.06 and fell to 1,357.25 on Wednesday. At the start of Thursday's trading session the bullion has fallen even more[/ANNOUNCE] than during yesterday's session, as the metal had fallen to 1,350 by 5:00 GMT. At such rate gold is soon going to reach the support provided by the monthly PP at 1,345.31. However, daily aggregate technical indicators forecast a surge for the metal during today's trading session.
Traders' Sentiment
The SWFX market has not changed during the night, as market sentiment remains 55% short on Thursday. In the meantime, pending orders are 67% long, which indicates at a possible upcoming surge.