Daily Forex Technicals |
Written by Dukascopy Swiss FX Group |
Nov 07 16 10:02 GMT
‘We don’t think this most recent rally in gold will last.’ – Sameer Samana, Wells Fargo Investment Institute (based on Bloomberg)
Pair’s Outlook
The yellow metal’s price declined on early Monday morning, as the bullion started the session a lot lower than the previous close. The lower opening was caused by the fact that the FBI Director James Comey sent another letter to the congress. This time it was mentioned that the conclusions expressed in July by the FBI have not changed after the latest review. The short version is – Clinton will not be charged by the FBI, ignoring the fact that the guilt of the presidential candidate has been proven.
Traders’ Sentiment
Traders have become fully neutral, regarding the yellow metal. Meanwhile, 58% of trader set up orders are to buy the metal.
About the Author
Legal disclaimer and risk disclosure
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
Gold Starts The Session Below 1,300 Mark
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