| 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 | ⇒ | ⇒ | ⇗ | |
Downside momentum dominated the yellow metal on Monday, as it fell 0.80% mid-session. This fall was stopped by the 100.00% Fibonacci retracement which represents the pair's lowest position since July 2017.
Gold has since recovered, surpassed the 55-hour SMA and was testing the 100-hour moving average early on Tuesday. The pair has already halted two times near this yearly low, so it is likely that a decline below this level does not occur. Thus, traders could look towards the bullish scenario.
The nearest resistance is the aforementioned 100-hour SMA, with the 200-hour and 200-period (4H) ones being located nearby.