Yesterday, the XAU/USD exchange rate tried to surpass the psychological level at 1,425.00.
Note, that gold is supported by the 100– and 200-hour SMAs, currently located circa 1,410.00 mark. Thus, if the given support holds, it is expected, that a reversal north could occur within the following trading hours.
However, note, that the rate has to surpass the 55-hour moving average, currently located at 1,418.63. If the given SMA holds, it is expected, that gold could trade sideways against between the given moving averages.
