XAU/USD could go upwards

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs63%62%1.4%
Shorts37%38%-2.4%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)SellBuySell
Aggregate⇒⇒⇒
[ANNOUNCE]

Yesterday, the XAU/USD exchange rate touched the 1,895.00 level.

[/ANNOUNCE]

It is likely that yellow metal could gain support from the 55-hour moving average near 1,870.00 and extend gains against the US Dollar in the short term. A possible upside target is the 1,900.00/1,920.00 range.

In the meantime, it is unlikely that bears could prevail in the market, and the exchange rate could decline below 1,850.00/1,860.00 due to the support area formed by the 100– and 200-hour SMAs, as well the Fibo 23.60%.

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