XAU/USD trades at 1,580.00

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%52%-12.4%
Shorts54%48%10.8%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

On Thursday, the XAU/USD exchange rate raised to the 1,580.00 level. During today's morning, the rate was trading at the given level.

On the one hand, yellow metal could continue to appreciate against the US Dollar within the following trading session. In this case the exchange rate could exceed the 1,585.00 level.

On the other hand, gold could trade sideways in the 1,580.00 area against the Greenback in the short run. Also, it is unlikely that bears could prevail, and the rate could drop below the monthly R2 at 1,570.61.

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