XAU/USD trades at 1,935.00 - Technical Analysis - Dukascopy Bank

Mon, 04 Jan 2021 11:14:25 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs60%60%-0.7%
Shorts40%40%1.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)SellSellSell
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuyBuySell
Aggregate

During Monday morning hours, the XAU/USD exchange rate jumped to the 1,935.00 mark.

Given that yellow metal is trading far above the 55-, 100– and 200-hour SMAs, it is likely that the commodity is in the overbought area. Thus, some downside potential could prevail in the market.

In the meantime, note that there is no technical resistance for the XAU/USD rate. Thus, the price for gold could continue to raise within the following trading session.


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.