Gold retreats on Friday morning

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Gold continues to struggle near the 2011-2012 trendline but dips have been muted. As such, upside acceleration towards 1439 (measured move) is viewed as a distinct possibility sooner rather than later." 
– Jamie Saettele (based on Daily FX)

Pair's Outlook 
The yellow metal did not manage to upkeep its surge on Friday, as the yellow metal bounced off the weekly R1 at 1,351.70 and moved to 1,349.50 by 5:30 GMT. Although, the metal had already found support in the monthly PP at 1.345.31 before 5:30 GMT, and daily aggregate indicators forecast a surge for it during today's trading session. Taking into account those facts, it is most likely, that the metal will soon resume to move northwards.  

Traders' Sentiment 
Traders are slightly bearish on the metal, as 52% of open positions are short. In the meantime, pending orders to buy have increased by 3% and are at 58%, compared to yesterday's 55%.
© Dukascopy Bank SA
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Actual Topics

Fri, 19 Aug 2016 13:07:36 GMT

AUD/USD plunges to 0.76

On Thursday the Aussie once again put the four-year down-trend to the test by ending the day with a 30-pip rally.

Fri, 19 Aug 2016 07:11:06 GMT

USD/JPY attempts to regain the bullish momentum

The Japanese Yen continued to outperform the American Dollar, causing the pair to drop below the 100.00 major level, but with the immediate support remaining intact.

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