Gold books new low level

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

Positions Today Yesterday % Change
Longs 72% 72% 0.00%
Shorts 28% 28% 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) Sell Sell Buy
Aggregate

The yellow metal's price increased volatility during the Federal Funds rate announcements and the following Federal Reserve's press conference. During that volatility it reached downwards and almost touched the 1,190.00 level.  

In regards to the near term future, the three simple moving averages that surround the psychological level of 1,200.00 are set to move lower and push the commodity price through the support of a pivot point that has kept the price higher for more than a week at 1,195.60. 

On the other hand, the SMAs might fail and then the metal will jump above the 1,210.00 mark.

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