Note: This section contains information in English only."Gold edged up in Asian trade, extending gains into a second day, on expectations the Federal Reserve will leave U.S. interest rates unchanged at its two-day meeting that kicks off later on Tuesday."
– based on Reuters
Pair's Outlook
[ANNOUNCE]The yellow metal is threading higher on Tuesday morning, as by 5:00 GMT it had scored more gains than during the whole Monday's trading session.[/ANNOUNCE] However, its surge has been hindered by the resistance put up by the weekly pivot point at 1,316.02. Daily aggregate technical indicators forecast a fall of the bullion during today's session. Although it is most likely that the metal will break through the resistance, as it would be consistent with the rising wedge pattern, in which the rate has been for more than a year.
Traders' Sentiment
Traders are neutral on the metal, as 50% of open positions are both long and short in the meantime. However, pending orders have not changed, as 68% of them are set to buy the metal.
Tue, 20 Sep 2016 07:13:07 GMT
Source: Dukascopy Bank SA
– based on Reuters
Pair's Outlook
[ANNOUNCE]The yellow metal is threading higher on Tuesday morning, as by 5:00 GMT it had scored more gains than during the whole Monday's trading session.[/ANNOUNCE] However, its surge has been hindered by the resistance put up by the weekly pivot point at 1,316.02. Daily aggregate technical indicators forecast a fall of the bullion during today's session. Although it is most likely that the metal will break through the resistance, as it would be consistent with the rising wedge pattern, in which the rate has been for more than a year.
Traders' Sentiment
Traders are neutral on the metal, as 50% of open positions are both long and short in the meantime. However, pending orders have not changed, as 68% of them are set to buy the metal.