Gold: market closed after more losses on Thursday

FX:XAUUSD   Gold / US-Dollar
72 0
"We think the dollar is going to be more range bound. I think commodities can find a footing. They work back down and not make new lows. That would be a bullish setup for the market."
- Oppenheimer (based on CNBC)

Pair's Outlook
Bearish market participants continued to push gold prices to the downside on Thursday. At the same time, scope of the selloff is nowhere near a plunge we had observed one day prior to that. Basically, the bullion is set to hover in limbo after the commodity market returns back to trading on Monday. This is because the closest resistance lies at 1,227 (23.6% retracement of Dec-Mar uptrend) and the nearest support is the 1,205 mark (monthly PP ), while Thursday trading closed somewhere is between at 1,216. Important signal: next week's technical indicators switched to a "strong buy" mode.

Traders' Sentiment
At the moment about 42% of all trades are bullish , which is still the highest level of the past seven working days. The bears are therefore keeping a 58% portion of the market.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden