XAU/USD trades above 1,500.00 - Technical Analysis - Dukascopy Bank

Mon, 28 Oct 2019 10:05:33 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs44%46%-4.3%
Shorts56%54%3.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate

On Friday, the XAU/USD exchange rate jumped to the psychological level at 1,515.00. During today's morning, the rate was trading at the 1,505.00 mark.

It is likely that some upside potential could prevail in the market, as gold is supported by the 55-, 100– and 200-hour moving averages in the 1,492.36/1,501.86 range. A possible upside target is the 1,515.00/1,520.00 area.

On the other hand, yellow metal could trade sideways against the US Dollar at the 1,505.00 mark within the following trading session. Also, it is unlikely that bears could prevail in the market, and the price for gold could drop lower than the psychological level at 1,490.00.


Back to feed
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.