- based on WBP Online
Even as the bullion experienced high volatility on Monday by fluctuating between the levels of 1,277 to 1,292, the yellow metal ended the day's trading session only around 60 pips higher than it started it. However, on Tuesday morning gold prices are falling, as the price moved from 1,289.44 at the start of trading session to 1,285.15 by 5:15 GMT. The price is located between the monthly R1 at 1,278.62 and weekly PP at 1,295.15. In the meantime, aggregate technical indicators forecast a surge for the metal today.
SWFX decreased their bearish sentiment from 67% of all open positions being short on Monday to 61% on Tuesday.