XAU/USD tests 100– hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs60%59%1.6%
Shorts41%41%-2.3%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralNeutral
SAR(0.02;0.2)BuyBuySell
Aggregate⇒⇒⇘

[ANNOUNCE]The yellow metal's price edged higher by 0.73% on Thursday. The surge was stopped by the 100– hour simple moving average at 1808.01 during Thursday's trading session.[/ANNOUNCE]

Given that the commodity is currently trading below the 55-, 100– and 200– hour SMAs, bearish traders might continue to drive the price lower during the following trading session.

However, the support level at 1795.00 could provide a barrier for the XAU/USD exchange rate within this session.

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