XAU/USD depreciates due to fundamentals

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 73% 70% 4.11%
Shorts 27% 30% -11.11%
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) Sell Sell Buy
Aggregate

The gold price depreciated 1.11 % since Monday's session. On Tuesday, the yellow depreciated to trade at the 1,190.10 mark due to fundamental events that occurred during Monday's trading day. 

In regards to the near-term future, most likely, the yellow metal will trade downside towards the bottom boundary of the ascending medium pattern at the 1,186.00 mark. 

Moreover, after the fundamentals, the simple moving averages will try to catch up the rate during the following trading session.

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