XAU/USD breaks both ways

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

Positions Today Yesterday % Change
Longs 44% 45% -2.27%
Shorts 56% 55% 1.79%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇗ ⇑ ⇗

[ANNOUNCE]If one had his positions set right, a trader could have cashed in double from the Jackson Hole event in regards to the yellow metal's price.[/ANNOUNCE] As soon as the central bankers opened their mouths and started spilling information about global monetary policy in the future, the commodity price started bouncing in a range from 1,276 to 1,295 just during the first hour.

Such move was not initially expected, as it is not consistent with the theory of a triangle pattern, which was active before the event. 

However, the end result is a surge, which seems to be unopposed heading once more to reach above the 1,300 mark.

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