XAU/USD is below 1,740.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs45%48%-7.3%
Shorts55%52%5.9%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Thursday, the XAU/USD exchange rate failed to exceed the 1,740.00 level. During today's morning, the rate was trading at 1,690.00.

Note that yellow metal is squeezed by 55-, 100– and 200-hour moving averages, located near 1,716.00 and 1,684.00 respectively. Thus, the rate could consolidate in the nearest future.

However, if the 200-hour SMA does not hold, it is likely that the price for gold could continue to go downwards. In this case the rate could target the psychological level at 1,660.00.

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