XAU/USD remains below 1,910.00 - Technical Analysis - Dukascopy Bank

Mon, 05 Oct 2020 09:46:06 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs56%55%1.5%
Shorts44%45%-1.9%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)SellBuySell
Aggregate

The XAU/USD exchange rate failed to exceed the resistance level formed by the monthly PP at 1,909.25.

It is likely that yellow metal could gain support from the 200-hour moving average near 1,883.00. Thus, the exchange rate could trade sideways within the following trading session.

In the meantime, note that the rate is pressured by the 55-hour moving average near 1,900.00. Thus, the price for gold could go downwards in the nearest future.


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.