XAU/USD will pass the 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 72% 74% -2.78%
Shorts 28% 26% 7.14%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Sell Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The gold price appreciated 0.21% since Thursday's trading session. The XAU/USD was located between the SMAs at the 1,201 mark on Friday morning. 

In regards to the near future, the yellow metal will surge upwards due to a psychological barrier of the 1,200 mark and support of the 55-hour simple moving average and the 100-hour simple moving average, which should push the rate to the 1,206.00 level during today's trading session. 

Note, that the 200-hour simple moving average at the 1,202.00 level might stop the rate and push gold back to the monthly PP at the 1,195.60 mark.

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.