XAU/USD bulls could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs57%53%7.1%
Shorts43%47%-9.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuyNeutral
SAR(0.02;0.2)SellBuySell
Aggregate⇒⇗⇘

[ANNOUNCE]During the second part of Monday's trading session, the yellow metal's price surged by 150 pips or 0.83%.[/ANNOUNCE] The currency pair breached the 200– hour simple moving average at 1811.8 on Tuesday morning.

The XAU/USD exchange rate is likely to continue to edge higher through the following trading session. A breakout through the upper boundary of a descending channel pattern could occur.

However, if the channel pattern holds, bearish traders might drive the price of the commodity lower today.

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