XAU/USD reaches above 1,210.00 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 75% 75% 0.00%
Shorts 25% 25% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Gold prices have reached new high levels during the second half of Monday's trading session. During the surge the rate reached above the 1,210.00 mark.

However, the surge was stopped by the upper trend line of a long term ascending channel pattern. The pattern with it received another confirmation of its borders. 

On Tuesday morning the commodity price was consolidating its gains near the 1,210.00 mark by trading sideways. Meanwhile, the rate had no close by resistance or support level. 

Although, note that the 55-hour simple moving averages was approaching the metal's price. The SMA most likely will push the metal higher.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.