XAU/USD is located between the SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 70% 74% -5.71%
Shorts 30% 26% 13.33%
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

The gold price appreciated 0.19% since Tuesday's trading session. The yellow metal was located between the simple moving averages during the Wednesday's morning hours.  

In regards to the near future, most likely, the XAU/USD will move downwards due to the 200-hour and the 100-hour SMAs resistance's. Moreover, if the rate will go below the weekly PP, the rate will lose support until the 1,154.70 level. 

However, the monthly PP at the 1,195.60 mark may give support to the currency to push it upwards passing through the SMAs to meet the bottom boundary of the ascending medium channel at the 1,202.00 level.

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