Gold continues to move as forecast

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

Positions Today Yesterday % Change
Longs 47% 44% 6.38%
Shorts 53% 56% -5.66%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The support levels just above the 1,300.00 mark where reached even faster than it was expected. 

Mainly the move has been associated with the strength of the US Dollar, but the combination of various supports at the mentioned level managed to force the metal into a rebound. 

During the rebound various resistance levels where passed, and by the middle of Friday's trading the bullion was trading sideways above the 1,315 mark.

In general, the situation needs to be watched, as a sudden surge or decline was about to occur.

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