XAU/USD passes small pattern line

Note: This section contains information in English only.
Source: Dukascopy Bank SA
 Positions Today Yesterday Change
 Longs 32% 32% 0.0%
 Shorts 68% 68% 0.0%
       
 Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Buy
 RSI(14) Neutral Neutral Sell
 Stochastic(5;3;3) Neutral Neutral Sell
 Alligator(13;8;5) Neutral Buy Buy
 SAR(0.02;0.2) Sell Buy Buy
 Aggregate

During the previous trading session, the yellow metal depreciated against the US Dollar by 1529 pips or 1.14%. On Friday morning, the rate was supported by the 200-hour simple moving average at the 1,322.12 mark. 

In regards to the near-term future, most likely, the 200-hour simple moving average will keep supporting the rate during the day. It is expected that the rate will stay at the 1,325.00 level. 

However, the gold could pass through the 200-hour simple moving average at 1,322.12 to depreciate towards the medium pattern line at the 1,310.00 level.

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