XAU/USD reaches 1,200.00

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 Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The gold price appreciated 0.43% since Wednesday's trading session. The XAU/USD broke out through the monthly PP at the 1,196.00 mark and kept squeezed between the 55-hour and the 100-hour simple moving averages during Thursday's morning hours. 

In regards to the near future, the yellow metal will move upwards due to a strong support level of the monthly pivot point at the 1,196.00 and the 55-hour simple moving average. 

Note, that the 200-hour simple moving average at the 1,202.00 level might stop the rate and push gold back to trade into the pattern.

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