| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 47% | 2.08% | |
| Shorts | 52% | 53% | -1.92% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
It is apparent that the strong downside momentum which prevailed last week is starting to allay. Moreover, the pair is diminishing its trading range between a channel line and a short-term trend-line. The 55-hour SMA continues to guide the pair.
Despite pointing to a possible upside breakout on Monday, Gold lacked the necessary bullish momentum to breach this resistance and thus re-tested its 2018 low of 1.237.00.
It is likely that the rate continues to trade in the aforementioned triangle-like formation until the 55– and 100-hour SMAs are breached. A subsequent surge is unlikely to surpass the strong resistance of the 200-hour SMA and the monthly PP at 1,270.00.