- BMI Research (based on CNBC)
American currency weakened across the board yesterday, while pushing safe-haven prices further to the upside. XAU/USD penetrated 200-day for the first time since October, while nearing the first monthly resistance at 1,143. This supply is strengthened by weekly R2 and 2015 downtrend at 1,145/47. A climb above them will shift our attention to the May-Oct trend-line at 1,164. Alongside, ability to fix gains above 200-day on Thursday will proclaim that sentiment is strong. As for daily aggregate technical indicators, the signal is maintaining a mixed stance today.
Over the last 24 hours of trading the share of long positions on the SWFX market dropped by two percentage points to 53% from 55%.