XAU/USD consolidates at 1,810.00 area - Technical Analysis - Dukascopy Bank

Wed, 24 Feb 2021 11:05:29 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs69%69%0.0%
Shorts31%31%0.0%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuySellSell
Aggregate

Since Tuesday, the XAU/USD exchange rate has been consolidating in the 1,810.00 area.

It is likely that yellow metal could gain support from the 55– and 200-hour moving averages near 1,802.00. Thus, the rate could re-test the upper line of the rising wedge pattern circa 1,820.00/1,825.00.

If the predetermined pattern holds, the exchange rate could bounce off and decline to the given support within the following trading session.


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