XAU/USD squeezed by moving averages

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%47%-2.5%
Shorts54%53%2.1%
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

On Wednesday, the XAU/USD exchange rate reversed north from the 1,550.00 level. During today's morning, the rate was testing the resistance provided by the 100-hour SMA.

Note that yellow metal could also face the resistance of the 200-hour SMA at 1,574.00. Thus, a reversal south could occur in the nearest future, and the rate could re-test the 1,550.00 level.

On the other hand, yellow metal could gain support of the 55-hour moving average in the 1,560.00. In this case gold could consolidate against the US Dollar within the following trading session.

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