XAU/USD surges to 1,232.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 75% 73% 2.67%
Shorts 25% 27% -8.00%
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 Friday's trading session, the yellow metal depreciated to 1216.88 mark breaking most of the technical indicators. During Monday morning hours, the yellow metal was supported by the 55-hour and the 200-hour simple moving averages to surge to the 1,231.10 mark. 

In regards to the near-term future, the yellow metal might continue to surge upwards to trade at 1,234.00 level on Monday. Besides, the 55-hour simple moving average will try to catch up the rate during the day. 

However, the gold could depreciate to the 61.80% Fibonacci retracement level at the 1,225.59 mark due to a lack of any support levels near the yellow metal.

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