XAU/USD remains below 1,745.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs54%55%-1.3%
Shorts46%45%1.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇒⇒⇗
[ANNOUNCE]

On Monday, the XAU/USD exchange rate consolidated in the 1,740.00 area. During today's morning, the rate maintained its consolidation.

[/ANNOUNCE]

Given that yellow metal is supported by the 55-, 100– and 200-hour moving averages in the 1,725.00/1,735.00 range, it is likely that some upside potential could prevail.

Meanwhile, gold could remain pressured by local resistance level at 1,745.00. If the given level holds, it is likely that the exchange rate could trade sideways within the following trading session.

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