XAU/USD likely to trade sideways

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs47%46%0.1%
Shorts54%54%-0.1%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

Yesterday, the XAU/USD exchange rate tried to surpass the psychological level at 1,425.00.

Note, that gold is supported by the 100– and 200-hour SMAs, currently located circa 1,410.00 mark. Thus, if the given support holds, it is expected, that a reversal north could occur within the following trading hours.

However, note, that the rate has to surpass the 55-hour moving average, currently located at 1,418.63. If the given SMA holds, it is expected, that gold could trade sideways against between the given moving averages.

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