Note: This section contains information in English only."Spot gold gave back Friday's gains as the dollar bounced and slipped 0.35 percent to $1,262.90 an ounce."
– Shinichi Saoshiro (based on Reuters)
Pair's Outlook
[ANNOUNCE]Gold continued the indecisiveness on the daily chart maintaining the overall ranging motion by slipping from the top it had managed to post on Friday.[/ANNOUNCE] A strong red candle showed daily risks being skewed to the downside, setting eye on 1,260.48, the weekly S1. The amplitude of the dip might be a certain display of today's trading range, as no levels in between are likely to mess with the motion. Upside potential is likely to be cut around 1,269.43/77 where a cluster of resistances are to provide supply in case XAU/USD takes a different path over the day.
Traders' Sentiment
SWFX market sentiment remains bearish, as 53% of open positions are short. However, 63% of pending commands are to buy the bullion.
Mon, 01 May 2017 08:34:30 GMT
Source: Dukascopy Bank SA
– Shinichi Saoshiro (based on Reuters)
Pair's Outlook
[ANNOUNCE]Gold continued the indecisiveness on the daily chart maintaining the overall ranging motion by slipping from the top it had managed to post on Friday.[/ANNOUNCE] A strong red candle showed daily risks being skewed to the downside, setting eye on 1,260.48, the weekly S1. The amplitude of the dip might be a certain display of today's trading range, as no levels in between are likely to mess with the motion. Upside potential is likely to be cut around 1,269.43/77 where a cluster of resistances are to provide supply in case XAU/USD takes a different path over the day.
Traders' Sentiment
SWFX market sentiment remains bearish, as 53% of open positions are short. However, 63% of pending commands are to buy the bullion.