XAU/USD aims to medium pattern line

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 38% 36% 5.3%
 Shorts 62% 64% -3.2%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Sell Buy Buy
 RSI(14) Neutral Neutral Sell
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Sell Buy Buy
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

During the previous trading session, the yellow metal traded between the 100-hour and the 200-hour simple moving averages. On Thursday, the gold was located below the monthly pivot point at the 1,306.10 mark.  

In regards to the near-term future, most likely, the 100-hour and the 200-hour SMAs will push the rata towards the bottom boundary of the medium pattern line at 1,302.00. 

Besides, it is expected that today's US Retails Sales, Core Retail Sales, PPI and Core PPI data release at 13:30 GMT will push the yellow metal to depreciate against the US Dollar.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.