Note: This section contains information in English only.
"The Fed meeting is the next likely catalyst for gold."
– Jordan Eliseo, ABC Bullion (based on Reuters)
Pair's Outlook
[ANNOUNCE]The yellow metal's price is fluctuating, as forecasted. The metal hit the support cluster below it near the 1,252 level and made a slight rebound.[/ANNOUNCE] On Wednesday morning the metal traded above the support cluster, which is made up of the 55 and 200-day SMAs, the weekly S2, the lower trend line of a medium scale descending channel and the 50.00% Fibonacci retracement level. All of these levels of significance make the 1,250 mark a strong foundation for the bullion. Due to that it is even unlikely that the will pass this support soon.
Traders' Sentiment
SWFX market sentiment remains unchanged, as 52% of open positions are short, and 67% of trader set up orders are to buy.
Wed, 03 May 2017 07:42:50 GMT
Source: Dukascopy Bank SA
"The Fed meeting is the next likely catalyst for gold."
– Jordan Eliseo, ABC Bullion (based on Reuters)
Pair's Outlook
[ANNOUNCE]The yellow metal's price is fluctuating, as forecasted. The metal hit the support cluster below it near the 1,252 level and made a slight rebound.[/ANNOUNCE] On Wednesday morning the metal traded above the support cluster, which is made up of the 55 and 200-day SMAs, the weekly S2, the lower trend line of a medium scale descending channel and the 50.00% Fibonacci retracement level. All of these levels of significance make the 1,250 mark a strong foundation for the bullion. Due to that it is even unlikely that the will pass this support soon.
Traders' Sentiment
SWFX market sentiment remains unchanged, as 52% of open positions are short, and 67% of trader set up orders are to buy.