Gold fails to reach 1,320 mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 52% 52% 0.00%
Shorts 48% 48% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The yellow metal has broken the previously drawn junior ascending pattern. However, it extended its gains during Thursday's trading sessions before finally being stopped by the 200-hour simple moving average.

On Friday morning the commodity had been pushed down below various levels of significance, which were located from the 1,310 to 1,320 levels. It could have been clearly spotted that, if the 55-hour SMA would get passed, the commodity might once more reach for the strong support cluster, which was located just above the 1,301 mark.

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