Gold with no changes

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 48% 47% 2.08%
Shorts 52% 53% -1.92%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Neutral Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Gold is showing no changes in its positioning against the US Dollar for the sixth consecutive session. Similarly to other days, the 50.00% Fibonacci retracement and the monthly PP proved to be a strong resistance level, thus restricting any attempts to move above 1,302.00. 

Meanwhile, it is apparent that the pair is gradually moving away from a four-week channel. This suggests that the 55– and 200-hour SMAs could guide the pair higher today. However, significant gains might not follow, as the 1.305.00 mark is restricted by the 200-period (4H) SMA. 

The rate being stranded between these strong barriers are likely to result in yet another calm day for the yellow metal.

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