XAU/USD will depreciate to 1,280.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs41%40%1.9%
Shorts59%60%-1.4%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)BuyNeutralNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellSell
Aggregate

During Wednesday's trading session, the yellow metal was trading between the 55-hour simple moving average to end the trading day at 1,285.00. 

On Thursday morning, gold was located below the 55-hour simple moving average at the 1,286.10 mark.  

In regards to the near-term future, most likely, the 55-hour simple moving average will retrace the rate to push it to depreciate towards the 1,280.00 level.

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