Note: This section contains information in English only."Interest in the precious metal continues to grow, with funds adding 43 million shares in the SPDR Gold ETF during the second quarter, after a 46 million-share gain in the first quarter."
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]The yellow metal changed direction on early Friday morning, as it found support in the second weekly support level at 1,322.62, and the metal is most likely to surge to the 55-day SMA at 1,328.15.[/ANNOUNCE] Previously gold fluctuated around these two levels, as the commodity finds support in the weekly S2 and in the meantime is not capable of breaking the 55-day SMA. The bullion got squeezed in between these two levels on Wednesday, as the metal fell to the weekly S2. However, daily aggregate technical indicators forecast a downfall for the bullion during today's trading session.
Traders' Sentiment
Traders are neutral bearish on the pair, as 51% of open positions are short. In the meantime, pending commands are 60% long on Friday.
Fri, 26 Aug 2016 06:24:02 GMT
Source: Dukascopy Bank SA
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]The yellow metal changed direction on early Friday morning, as it found support in the second weekly support level at 1,322.62, and the metal is most likely to surge to the 55-day SMA at 1,328.15.[/ANNOUNCE] Previously gold fluctuated around these two levels, as the commodity finds support in the weekly S2 and in the meantime is not capable of breaking the 55-day SMA. The bullion got squeezed in between these two levels on Wednesday, as the metal fell to the weekly S2. However, daily aggregate technical indicators forecast a downfall for the bullion during today's trading session.
Traders' Sentiment
Traders are neutral bearish on the pair, as 51% of open positions are short. In the meantime, pending commands are 60% long on Friday.