XAU/USD squeezed between SMAs

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Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 73% 73% 0.00%
Shorts 27% 27% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate ⇒ ⇘ ⇒

[ANNOUNCE] The gold price appreciated 0.38 % since Monday's trading session. On Tuesday, the yellow metal was trading between the 200– hour and the 100– hour simple moving averages at the 1,194.09 mark. 

[/ANNOUNCE] In regards to the near-term future, most likely, the monthly pivot point at the 1,195.43 mark together with the 200-hour simple moving average will retrace the gold to trade 1,190.00 mark during the day.  

On the other hand, the 100-hour simple moving average might support the yellow metal to break the monthly PP and the 200-hour simple moving average to let the gold to trade at the 1,196.00 level on Tuesday.

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