XAU/USD remains below 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs63%64%-0.8%
Shorts37%36%1.3%
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellBuy
SAR(0.02;0.2)BuySellSell
Aggregate

Yesterday, the XAU/USD exchange rate touched the 1,870.00 level. During Tuesday morning, the rate was trading at 1,900.00.

From the one hand, it is likely that yellow metal could gain support from the 55– and 200-hour moving averages in the 1,885.00 area. In this case the price for gold could target the 1,910.00/1,920.00 range.

From the other hand, the exchange rate could remain under pressure of the 200-hour moving average near 1,900.00 and trade downwards within the following trading session.

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