XAU/USD will surge

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Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 74% 70% 5.41%
Shorts 26% 30% -15.38%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Sell Buy
Aggregate ⇗ ⇘ ⇒

[ANNOUNCE] The gold price appreciated 0.60% since Wednesday's trading session. The yellow metal fit back into the medium ascending pattern during the previous session. 

[/ANNOUNCE] The rate passed all technical indicators on Wednesday session. In regards to the near future, the rate will move upwards to the 61.80% Fibonacci retracement level or it will reveal reference points to draw a new pattern.  

However, gold may pass through the medium channel line to retrace back to the 1,200.00 mark. The rate has no support level to thwart such a move.

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