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XAU/USD tests monthly S1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs65%58%10.0%
Shorts35%42%-18.6%
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⇒⇘⇒
[ANNOUNCE]

At the end of last week, the XAU/USD exchange rate traded upwards. During Monday morning hours, the rate was testing the monthly S1 at 1,890.23.

[/ANNOUNCE]

If the given resistance holds, it is likely that a reversal south could occur, and the price for gold could decline to the monthly S1 at the 1,862.95 mark in the short term.

On the other hand, the exchange rate could gain support from the 55-hour SMA near 1,877.00. Thus, the rate could re-test the 200-hour SMA near 1,898.00 in the nearest future.

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