Note: This section contains information in English only."Inflation/currency debasement may be the preferred long-term approach to deal with overwhelming global debt levels (good for gold and silver)."
– Ciovacco Capital Management (based on investing.com)
Pair's Outlook
[ANNOUNCE]The yellow metal has been trading almost flat for the past three consecutive trading sessions, as it has stuck around the level of 1,330.[/ANNOUNCE] At the moment, the metal was trading at 1,331.44 by 5:00 GMT on Wednesday. The situation started three session previously, when the bullion slightly lost value and reached the support provided by the 20-day SMA at 1,326.52. As the commodity keep fluctuating around the same level, the 20-day SMA is closing in on it even more, as on Wednesday the SMA is at 1,327.30.
Traders' Sentiment
SWFX trader sentiment remains unchanged on Wednesday, as 51% of open positions remain short. In the meantime, pending orders in the 100-pip range are 63% long.
Wed, 20 Jul 2016 06:29:41 GMT
Source: Dukascopy Bank SA
– Ciovacco Capital Management (based on investing.com)
Pair's Outlook
[ANNOUNCE]The yellow metal has been trading almost flat for the past three consecutive trading sessions, as it has stuck around the level of 1,330.[/ANNOUNCE] At the moment, the metal was trading at 1,331.44 by 5:00 GMT on Wednesday. The situation started three session previously, when the bullion slightly lost value and reached the support provided by the 20-day SMA at 1,326.52. As the commodity keep fluctuating around the same level, the 20-day SMA is closing in on it even more, as on Wednesday the SMA is at 1,327.30.
Traders' Sentiment
SWFX trader sentiment remains unchanged on Wednesday, as 51% of open positions remain short. In the meantime, pending orders in the 100-pip range are 63% long.