Note: This section contains information in English only."Brexit anxiety continues to support precious metals, increasing demand for safe-haven assets like silver and gold."
– based on Mayzus Investment Company Ltd.
Pair's Outlook
[ANNOUNCE]The yellow metal fell during this week, as it declined from Monday's height of 1,367.64 and touched the support at 1,319.10 on Thursday.[/ANNOUNCE] However, the bullion ended Thursday's trading at 1,334.77. At the moment, the metal continues to decline, as by 5:30 GMT it was trading at 1,333.20. On its way down, the commodity will again struggle with support provided first by the 20-day SMA and afterwards the weekly S2 at 1,319.10. Meanwhile, daily aggregate technical indicators forecast a surge for gold today.
Traders' Sentiment
Traders remain bearish on the pair, as 44% of open positions are short. However, pending orders in the 100-pip range are long, as 73% of them are buy orders.
Fri, 15 Jul 2016 07:13:29 GMT
Source: Dukascopy Bank SA
– based on Mayzus Investment Company Ltd.
Pair's Outlook
[ANNOUNCE]The yellow metal fell during this week, as it declined from Monday's height of 1,367.64 and touched the support at 1,319.10 on Thursday.[/ANNOUNCE] However, the bullion ended Thursday's trading at 1,334.77. At the moment, the metal continues to decline, as by 5:30 GMT it was trading at 1,333.20. On its way down, the commodity will again struggle with support provided first by the 20-day SMA and afterwards the weekly S2 at 1,319.10. Meanwhile, daily aggregate technical indicators forecast a surge for gold today.
Traders' Sentiment
Traders remain bearish on the pair, as 44% of open positions are short. However, pending orders in the 100-pip range are long, as 73% of them are buy orders.