XAU/USD trades above 1,850.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs62%62%-0.1%
Shorts38%38%0.2%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇒⇒
[ANNOUNCE]

During today's morning, the XAU/USD exchange rate raised to the 1,865.00 level.

[/ANNOUNCE]

It is likely that yellow metal could gain support from the Fibo 23.60% at 1,860.59 and trade upwards against the US Dollar in the nearest future. The rate could target the 1,880.00/1,890.00 range.

In the meantime, it is unlikely that bears could prevail in the market, and the price for gold could decline below the support area formed by the 55-, 100– and 200-hour SMAs in the 1,840.00/1,845.00 range.

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