Gold struggles on Tuesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The U.S. Labor Day holiday kept volumes subdued on Monday, but new U.S. data releases and any speeches from Fed officials will be watched closely for clues to the timing of any rate moves." - base don Reuters

Pair's Outlook

The yellow metal continues to struggle with the monthly PP at 1,326.43 for the third consecutive session on Tuesday, as the commodity price keep reaching above it and retreating afterwards. However, the rate already managed to have a close above the resistance on Monday, as the session ended at 1,326.83, and a surge would be consistent with the channel upward pattern, which the metal has formed in the past four trading sessions. Although, daily aggregate technical indicators do not support a surge of the bullion during today's session.

Traders' Sentiment

Traders remain slightly bearish regarding gold, as 53% of open positions are short on Tuesday morning. In the meantime, pending commands are 64% to buy, which means that the surge is likely to continue.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 06 Sep 2016 11:23:45 GMT

NZD/JPY bull market distracted by short-term sell-off

NZD/JPY kicked off year 2016 with a volatile consolidation inside of the bounds of a falling wedge that has been established over the last two or so years. While the scope of fluctuations in June reached 12 percent, the pair did not manage to close outside of the wedge trend-lines, but set ground for a breakout on September 1, which

Tue, 06 Sep 2016 07:42:08 GMT

USD/JPY aims for 105 yen

"The BOJ should wait for the Fed. The present focus of attention is on the U.S. exit policy." - Koichi Hamada, economic adviser to PM (based on Bloomberg)Pair's OutlookThe setup has become even more bullish for USD/JPY than it was yesterday, as the currency pair has confirmed the broken trendline, meaning the US Dollar is willing to keep advancing north. The first target

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.