XAU/USD passes monthly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 32% 33% -3.1%
 Shorts 68% 67% 1.5%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Neutral Sell Sell
 Stochastic(5;3;3) Buy Sell Sell
 Alligator(13;8;5) Buy Buy Buy
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

During Wednesday's trading session, the yellow metal traded sideways to appreciate against the U Dollar by 38 pips or 0.03%. On Thursday morning, the rate was located at the 1,335.74 mark. 

In regards to the near-term future, the 100-hour simple moving average will support the gold to break the resistance of the monthly R1 at 1,340.10. Most likely, the yellow metal will end the trading session at the 1,340.00 level. 

On the other hand, today's US Durable Goods Orders and Core Durable Goods Orders data release at 13:30 GMT could push the yellow metal to depreciate against the US Dollar to pass through the support level of the 100-hour SMA to trade near the 200-hour simple moving average.

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