XAU/USD was located at 1,208

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Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 74% 74% 0.00%
Shorts 26% 26% 0.00%
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 Neutral Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇗ ⇒ ⇒

[ANNOUNCE] The gold price appreciated 0.09% since Thursday's trading session. During Friday morning hours, the yellow was surging upwards into the pattern and was located at the 1,208.00 level. 

[/ANNOUNCE] In regards to the near future, the yellow metal should bounce off the bottom boundary of the ascending trend and surge upwards due to the support of the 55-hour simple moving average, which will catch up the rate in a couple of hours on Friday session. 

Besides, gold could continue to surge upwards without the help of the bottom boundary of the trend-line and the 55-hour simple moving average.

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