XAU/USD could trade downwards

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs58%61%-3.7%
Shorts42%39%5.2%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

On Thursday, the XAU/USD exchange rate declined to the 1,865.00 mark.

Given that yellow metal is pressured by the 55-hour moving average near 1,880.50, it is likely that some downside potential could prevail in the market within the following trading session.

In the meantime, it is unlikely that bulls could prevail in the market, and the price for gold could exceed the 1,900.50 mark due to the resistance provided by the 200-hour SMA.

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