XAU/USD declined to Fibo 23.60%

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs49%46%6.5%
Shorts51%54%-6.2%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralSell
Stochastic(5;3;3)BuyBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

On Monday, the XAU/USD exchange rate breached the descending triangle pattern south. During today's morning, the rate was testing the support level formed by the Fibo 23.60% at 1,462.89.

If the given support holds, it is likely that some upside potential could prevail in the market. However, it is unlikely that the price for gold could exceed the 1,485.10/1,504.69 area due to the resistance cluster formed by the 55-, 100– and 200-hour SMAs, as well the monthly PP.

If the given support does not hold, it is likely that yellow metal could continue to decline against the Greenback. In this case it is expected that the nearest support level—the monthly S1, is located at the 1,439.32 mark.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.