XAU/USD remains below 1,875.00 - Technical Analysis - Dukascopy Bank

Mon, 01 Feb 2021 11:48:49 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs58%58%0.8%
Shorts42%42%-1.2%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellNeutral
SAR(0.02;0.2)BuyBuyBuy
Aggregate

On Friday, the XAU/USD exchange rate re-tested the resistance level at 1,875.00.

Given that yellow metal is supported by the 55-, 100– and 200-hour SMAs, as well the Fibo 23.60% in the 1,849.00/1,860.59 range, it is likely that some upside potential could prevail in the market in the nearest future.

However, if the predetermined resistance level holds, the price for gold could reverse south and target the support level located at the 1,835.00 mark.


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