XAU/USD pressured by 55– and 100-hour SMAs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs48%49%-1.1%
Shorts52%51%1.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

On Tuesday, the XAU/USD exchange rate tried to surpass the resistance formed by the 55– and 100-hour SMAs near 1,725.00. During today's morning, the rate pierced the 200-hour SMA near 1,717.00.

It is likely that yellow metal could be pushed down by the 55– and 100-hour moving averages to the 1,705.00/1,700.00 area.

However, if the 200-hour SMA holds, it is likely that gold could trade sideways against the US Dollar within the following trading session.

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