XAU/USD is supported by 55-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 65% 67% -3.08%
Shorts 35% 33% 5.71%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

During the previous trading session, the gold depreciated against the US Dollar by 1304 pips or 1.04% to end the trading session at the 1,243.36 mark. On Thursday, the gold was recovering to trade at the 1,248.00 level. 

Most likely, the yellow metal will surge upwards due to the support level of the 55-hour simple moving average. Moreover, it expected that the rate could reach the 1,254.00 level during the day. 

On the other side, the gold might trade sideways to stay at the 1,248.00 level.

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