XAU/USD trades at 1,840.00

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs66%63%4.5%
Shorts34%37%-8.8%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuySellNeutral
SAR(0.02;0.2)BuySellSell
Aggregate

Yesterday, the XAU/USD exchange rate could continue to trade upwards. The rate reached the 1,840.00 mark.

From the one hand, it is likely that some upside potential could prevail in the market. In this case the price for gold could face the resistance level formed by the Fibo 23.60% at 1,860.59.

From the other hand, a reversal south could occur in the nearest future. Note that yellow metal could gain support from the 55-, 100– and 200-hour SMAs in the 1,804.00/1,817.00 range.

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