XAU/USD tests Fibo 23.60%

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs55%57%-4.8%
Shorts45%43%5.8%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

Since Tuesday, the XAU/USD exchange rate has been testing the resistance level—the Fibo 23.60% at 1,860.59.

From the one hand, it is likely that yellow metal could be pushed down by the 100-hour moving average near 1,870.00. In this case the exchange rate could decline below the 1,820.00 level.

From the other hand, yellow metal could gain support from the 55-hour moving average near 1,850.30. In this case the price for gold could try to exceed the 200-hour SMA near 1,898.00.

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