XAU/USD breaks resistance level - Technical Analysis - Dukascopy Bank
Thu, 29 Apr 2021 05:33:25 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
61%
60%
1.6%
Shorts
39%
40%
-2.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Sell
Buy
Sell
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇒
⇗
⇓
The XAU/USD exchange rate bounced off the lower boundary of an ascending channel pattern at 1765.3 on Wednesday. As a result, the commodity surged by 175 pips or 0.99% during Wednesday's trading session.
The exchange rate could continue to edge higher during the following trading session. Buyers are likely to target the 1800.00 level today.
However, technical indicators on the weekly time-frame chart suggest that the precious metal might decline against the Greenback during Thursday's trading session.
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