XAU/USD slumps by 0.98%

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 43% 43% 0.00%
Shorts 57% 57% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

During Tuesday morning hours, the yellow metal slumped by 1263 pips or 0.98% to trade at the 1,282.00 level. Note, the 200-hour simple moving average supported the gold from the fall at the 1281.89 mark.  

In regards to the near-term future, most likely, the 200-hour simple moving average will continue to support the yellow metal to push the gold to trade up towards the 23.60 % Fibonacci retracement level at the 1,291.57 mark.

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