XAU/USD could go downwards

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs61%60%2.2%
Shorts39%40%-3.5%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

On Tuesday, the XAU/USD exchange rate touched the 1,910.00 level. During today's morning, it was testing the 55– and 100-hour SMAs near 1,930.00.

If the given resistance holds, it is likely that some downside potential could prevail in the market in the short term, and the price for gold could re-test the 1,910.00 mark.

If the predetermined resistance holds, it is likely that the exchange rate could try to exceed the 200-hour moving average near 1,947.00.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
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.