XAU/USD remains below 1,480.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%56%1.8%
Shorts43%44%-2.5%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralNeutral
Alligator(13;8;5)SellNeutralBuy
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇒
[ANNOUNCE]

On Friday, the XAU/USD exchange rate dropped to the 1,460.00 level. During today's morning, the rate was testing the Fibo 23.60% at 1,462.89.

[/ANNOUNCE]

Note that yellow metal is supported by the 200-hour moving average, currently located at 1,465.51. Thus, it is likely that some downside potential could prevail in the market. In this case the rate could re-test the lower boundary of the medium-term ascending channel located circa 1,457.60.

If the given channel holds, a reversal north could follow. But it is unlikely that the rate could exceed the given moving average. Otherwise, a breakout south could occur.

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