XAU/USD Analysis: Surges to medium pattern line

Dukascopy Bank Team Dukascopy Bank SA

XAUUSD

During Thursday's trading session, the rate was supported by the 200-hour simple moving average to end the trading day at 1,305.00. On Friday morning, the yellow metal was located at the 1,311.76 mark.

It is expected that gold might appreciate against the US Dollar to surge to the upper boundary of the descending medium pattern line at 1,315.50.

Besides, the simple moving averages will support the surge during the day!

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Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

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