XAU/USD trades below 1,820.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs64%60%5.7%
Shorts36%40%-9.9%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇘⇗
[ANNOUNCE]

The XAU/USD exchange rate has tumbled below the psychological level at 1,820.00.

[/ANNOUNCE]

It is unlikely that bulls could prevail in the market, and the price for gold could exceed the 1,836.20/1,847.90 range due to the resistance area formed by the 55-, 100– and 200-hour SMAs.

Yellow metal could continue to depreciate against the US Dollar within the following trading session. The exchange rate could target the 1,800.00/1,805.00 area.

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