Note: This section contains information in English only."Everything is now aligned for the final upward impulse to complete Phase I of the great bull market in the PM stocks."
– Burt Coons (based on investing.com)
Pair's Outlook
[ANNOUNCE]The yellow metal surged on Friday, as it went from the level of 1,335.75 at the start of the day's trading session to 1,350.10.[/ANNOUNCE] On Monday morning the metal was trading at 1,349.62 by 5:30 GMT. The bullion started new week and month above the weekly and monthly pivot points respectively at 1,339.02 and 1,345.31, which indicates at a bullish market sentiment. In addition, gold is not facing any resistance up to the level of 1,366.06, where the weekly R1 is located at.
Traders' Sentiment
SWFX traders have become bearish on the pair, as 52% of open positions are short on Monday, compared to the neutral sentiment on Friday. In the meantime, pending orders in the 100-pip range are 62% long.
Mon, 01 Aug 2016 06:54:08 GMT
Source: Dukascopy Bank SA
– Burt Coons (based on investing.com)
Pair's Outlook
[ANNOUNCE]The yellow metal surged on Friday, as it went from the level of 1,335.75 at the start of the day's trading session to 1,350.10.[/ANNOUNCE] On Monday morning the metal was trading at 1,349.62 by 5:30 GMT. The bullion started new week and month above the weekly and monthly pivot points respectively at 1,339.02 and 1,345.31, which indicates at a bullish market sentiment. In addition, gold is not facing any resistance up to the level of 1,366.06, where the weekly R1 is located at.
Traders' Sentiment
SWFX traders have become bearish on the pair, as 52% of open positions are short on Monday, compared to the neutral sentiment on Friday. In the meantime, pending orders in the 100-pip range are 62% long.