XAU/USD appreciation might be expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA


"Investors around the world are seeking safe havens ahead of tomorrow's Non-Farm payrolls and into next week's U.K. elections which have gone from a one horse race to an emotionally close one if you believe the polls." 
–  Market Pulse (based on Investing.com) 

Pair's Outlook 
The yellow metal has started this trading session with slight losses against the US Dollar. The pair is kept between the weekly R1 and the weekly PP at 1,275.49 and 1,261.80, respectively, leaving enough potential to trade either way. Contrary to the bearish momentum in the morning, the base scenario favours the pair trading higher, aiming fort the 1,275.49 mark. This assumption is likewise confirmed by bullish technical indicators. Nevertheless, it is not expected that the rate manages to push above this the weekly PP. 

Traders' Sentiment 
SWFX traders have increased their bullish sentiment, as 52% of open positions are long. In addition, 58% of set up orders are to buy the metal—a slight decrease from 59% on Wednesday.


Sentiment Today Yesterday 5 days ago
Positions 4% 2% 4%
Orders 16% 18% 32%
Indicator 1D 1W 1MN
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
ADX (14) Neutral Neutral Neutral
CCI (14) Sell Neutral Neutral
AROON (14) Buy Buy Buy
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

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