XAUUSD

During Tuesday's trading session, the yellow metal was trading between the 200-hour and the 100-hour SMAs. During Wednesday's morning hours, the 100-hour simple moving average supported the rate at the 1,310.50 mark. 

In regards to the near-term future, it is expected that the 55-hour and the 100-hour SMAs will push the rate to break the resistance of the 200-hour simple moving average. 

In addition, today's US CPI and Core CPI data release at 13:30 GMT might support the US Dollar to appreciate against the gold to trade at the 1,314.00 level.

XAUUSD

XAUUSD

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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