| 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 | ⇒ | ⇒ | ⇗ | |
Gold continues to appreciate against the US Dollar in a short-term ascending channel for the fourth consecutive day. This upside momentum weakened during the previous session, as a surge was restricted by the 200-hour SMA and a weekly resistance at 1,235.00.
Given that the pair has overcome this long-term SMA and the 55-period one on the 4H chart, the yellow metal is expected to continue its upward movement today, as well. This movement should be supported by the 55– and 100-hour SMAs.
The nearest resistance is the channel line and the 100-period SMA at 1,240.00. Another resistance is the 200-period SMA at 1,260.00.
In case bears manage to take over the market, no support is limiting a fall until the senior channel near 1,210.00.