- CMC Markets (based on CNBC)
On Monday the bullion has spent its most tranquil trading session this year. Prices of gold were broadly unchanged near the weekly at 1,089. The bulls decided to wait for more pronounced fundamental impetus, and even Chinese data is failing to move the metal during the Asian session on Tuesday. More events are scheduled for Wed-Fri, and disappointment there should encourage gold purchases with the target at 1,100. In the next 24 hours, however, trading is likely to keep balance between the long and short market participants.
In the morning on January 19 somewhat more than 55% of all SWFX traders are betting on the bullion's increase in price in the nearest future, no change over the last 24 hours.