XAU/USD still moving horizontally

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 74% 74% 0.00%
Shorts 26% 26% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Buy
Stochastic (5; 3; 3) Neutral Buy Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The gold price depreciated 0.58% since Tuesday's trading session. The XAU/USD tried to break the monthly pivot point at 1,196.00 during Wednesday morning hours. 

In regards to the near future, the yellow metal will trade horizontally among the monthly PP at the 1,196.00 mark and the lower trend lines of the descending and ascending patterns during next two trading days.  

Eventually, the price should get squeezed between the lower trend line of the larger pattern and the pivot point and break out. Watch for that moment.

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