XAU/USD tests 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs64%63%1.1%
Shorts36%37%-1.9%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellBuy
SAR(0.02;0.2)BuySellSell
Aggregate

Since Friday, the XAU/USD exchange rate has been testing the resistance provided by the 200-hour moving average near 1,900.00.

Given that yellow metal is supported by the 55– and 100-hour moving averages near 1,880.00, it is likely that some upside potential could prevail in the market in the short term.

In the meantime, if the predetermined resistance holds, a reversal south could occur. In this case the exchange rate could target the 1,850.00/1,860.00 range.

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