XAU/USD is retraced by 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 46% 45% 2.17%
Shorts 54% 55% -1.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

On Friday morning, the yellow metal was trading between the 200-hour and the 55-hour simple moving averages at the 1,283.19 mark. 

In regards to the near-term future, most likely, the 200-hour simple moving average will retrace the gold to the 1,276.00 level. 

On the other side, the 55-hour and the 100-hour simple moving averages could support the rate to break the resistance of the 200-hour SMA to the 23.60% Fibonacci retracement level at the 1,291.57 mark.

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