XAU/USD dropped to 1,860.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs67%63%4.9%
Shorts33%37%-9.7%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

During Thursday morning, the XAU/USD exchange rate declined to the 1,860.00 level.

Given that yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,879.00/1,886.00 range, it is likely that some downside potential could continue to prevail in the market.

On the other hand, a reversal could occur in the nearest future, and the price for gold could raise to the predetermined resistance range.

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