XAU/USD trades at 1,230.00

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) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

During Tuesday's trading session, the yellow metal surged to the 1,240.00 level, breaking resistances of the most technical indicators to end the trade day at 1,231.04 mark. On Wednesday morning, the gold was trading at the 1,232.16 mark. 

In regards to the near-term future, most likely, the gold will surge towards the upper boundary of the dominant ascending pattern line at 1,238.00 mark due to the support of the simple moving averages.

However, the yellow metal could break the support of the simple moving averages below 1,230.00 mark, if the US Dollar will surge during the trading session.

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