Gold jumps on Tuesday

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

Positions Today Yesterday % Change
Longs 74% 71% 4.05%
Shorts 26% 29% -11.54%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Neutral Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

Gold prices have surged on Tuesday morning and reached the upper trend line of a dominant ascending pattern near the 1,235.00 level.

If the commodity price breaks the resistance of the trend line, the metal is set to surge at least up to the 1,240.00 mark.  

Meanwhile, a bounce off from the resistance and a following decline would reach back down to the pivot point at the 1,227.30 level.

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