XAU/USD appreciates by 1.46%

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 42% 46% -9.52%
Shorts 58% 54% 6.90%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

During the previous trading session, the yellow metal appreciated against the US Dollar by 1874 pips or 1.46%. Note, the monthly R1 stopped the surge at 1,304.27. On Monday morning, the exchange currency rate was trading at 1,300.00. 

In regards to the near-term future, most likely, the gold will be trading sideways to stay at the 1,295.00 level during the trading session.  

On the other hand, the yellow metal could take the support of the dominant pattern line at 1,299.40 mark to push the rate to surge towards the monthly R1 at 1,304.27.

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