XAU/USD breaks R1 at 1,340.10

Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 33% 36% -9.1%
 Shorts 67% 64% 4.5%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Sell Sell Sell
 Stochastic(5;3;3) Sell Sell Neutral
 Alligator(13;8;5) Buy Buy Buy
 SAR(0.02;0.2) Buy Buy Buy
 Aggregate

During the previous trading session, the yellow metal broke the resistance level of the monthly R1 at 1,340.10. 

In regards to the near-term future, most, likely the gold will keep surging to the 1,350.00 level.  

However, today's US FOMC Meeting Minutes release at 19:00 GMT could push the yellow metal to depreciate against the US Dollar towards the 1,335.00 level.

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