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– Yuichi Ikemizu, Standard Bank (based on Reuters)
Pair's Outlook
The title explains it almost fully, as the yellow metal remained near 1,225 levels on Thursday morning. However, it has to be noted that it is somewhat strange that the bullion has not continued to fall during this week, as the opposite of, what occurs in the metal's situation, has been occurring across the markets. Risk on sentiment is back on, as investors retreat from the safe investments, which were bought pre-election. Market participants will most likely continue to wait for additional information, which will affect the bullion's price.
Traders' Sentiment
Traders remain almost neutral, as 53% of open positions were long on Thursday. However, traders did not change their outlook for the three previous trading sessions, when 52% of open positions were long. Meanwhile, 59% of trader set up orders are to buy the bullion.
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