XAU/USD surges to dominant pattern at 1,326.22

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 36% 38% -5.6%
 Shorts 64% 62% 3.1%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Neutral Sell Sell
 Stochastic(5;3;3) Sell Sell Neutral
 Alligator(13;8;5) Buy Buy Buy
 SAR(0.02;0.2) Buy Buy Buy
 Aggregate

During Friday's trading session, the yellow metal has been appreciating against the US Dollar to end the trading day at 1,321.12. On Monday morning, the gold was located at the 1,323.56 mark. 

In regards to the near-term future, most likely, the yellow metal will continue appreciating against the US Dollar to break the dominant pattern line at 1,326.22. 

On the other hand, the dominant pattern line could resist the rate to trade at the 1,310.00 level.

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