XAU/USD pressured by 100– and 200-hour SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs67%67%0.0%
Shorts33%33%0.1%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)BuySellSell
Aggregate

During Monday morning hours, the XAU/USD exchange rate reversed south from the resistance formed by the 100– and 200-hour SMAs near 1,875.00.

It is likely that yellow metal could remain under pressure of the predetermined resistance and trade downwards within the following trading session.

On the other hand, the exchange rate could gain support from the 55-hour moving average near 1,887.00 and trade upwards in the short term. The price for gold could target the 1,890.00 mark.

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