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- Forex Empire
Pair's Outlook
The yellow metal moved slightly higher on Monday, as it ended day's trading session just above the 1,350 mark at 1,351.96. However, on Tuesday morning the metal had fallen lower, as it was trading at 1,349.20 by 5:00 GMT. In addition, the bullion had touched and rebounded against the monthly pivot point at 1,345.31. Although, the daily aggregate technical indicators forecast no changes for the metal during only the next hour, and a surge will begin for the commodity later today.
Traders' Sentiment
SWFX traders did not change their sentiment since Monday, as 52% of open positions remained short on Tuesday morning. In addition, pending commands have also not changed and they were 62% long on Tuesday.
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