Outlook on FTSE 100, DAX 40 and CAC 40 as France faces uncertainty around a hung parliament.
Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18.Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: -0.71% Gol...has once more been rejected by its May-to-July downtrend line at 8,287 and kicks off the week in the red as Asian and European markets slump amid the French election result ahead of US and Chinadata.
Only a currently unexpected advance through the May-to-July downtrend line at 18,658 and above last week’s high at 18,665 would push the 18,786 to 18,935 May-to-June peaks to the fore., which on Friday flirted with its 24 June high at 7,725 and briefly rose to a 3-week high at 7,742, so far dropped to below the 200-day simple moving average at 7,650, to Monday’s intraday low at 7,617.
Only a fall through the 7,455 June low could provoke a slide towards the January low at 7,281 and perhaps even lead to the 7,000 region being revisited.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.
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