XAU/USD will meet pattern line at 1,325.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 28% 27% 3.57%
Shorts 72% 73% -1.39%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Sell
Stochastic (5; 3; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

On Friday morning, the yellow metal was located at the 1,319.82 mark. Besides, the 55-hour simple moving average supported the rate during the morning hours. 

In regards to the near-term future, it is expected that the gold will meet the upper boundary of the descending pattern line at 1,325.00 to bounce off to the 1,320.00 level. 

On the other hand, the yellow metal could break through the resistance level of the pattern line at 1,325.00 during today's US Dollar during today's US Employment data sets release at 13:30 GMT.

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