XAU/USD retraces to PP at 1,262.88

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 45% 44% 2.22%
Shorts 55% 56% -1.82%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

On Thursday morning, the yellow metal was trading below the 55-hour and the 100-hour simple moving averages at the 1,280.06 mark. 

In regards to the near term future, most likely, the 200-hour simple moving average will continue retracing the rate to the 1,274.00 level. It is expected, that the gold will reach the monthly pivot point at 1,262.88 in a couple of trading sessions. 

On the other hand, any fundamental news could push the yellow metal to appreciate against the US Dollar to stay at the 1,280.00 level!

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