XAU/USD trades near 1,870.00 - Technical Analysis - Dukascopy Bank

Tue, 08 Dec 2020 11:01:39 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs65%66%-0.9%
Shorts35%34%1.8%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuySellNeutral
SAR(0.02;0.2)BuyBuySell
Aggregate

Yesterday, the XAU/USD exchange rate jumped to the 1,870.00 level.

It is likely that yellow metal could gain support from the Fibo 23.60% at 1,860.59 and extend gains against the US Dollar in the short term. In this case the exchange rate could target the psychological level at 1,900.00.

If the given support does not hold, some downside potential could prevail in the market. Note that the price for gold could gain support from the 55-, 100– and 200-hour SMAs in the 1,819.00/1,848.00 range.


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.