| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 39% | 38% | 1.7% |
| Shorts | 61% | 62% | -1.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇗ |
On Thursday, the XAU/USD exchange rate surpassed the 200-hour SMA and reached the psychological level at 1,282.00.
From a theoretical point of view, it is likely, that the rate trades upwards, as it is supported by the ascending trend line located in the 1,280.00/1,284.00 range. A possible upside target is the psychological level at 1,285.00.
In case, bears would prevail in the market, the price for gold could decline to the support level formed by a combination of the 55– and 100-hour SMAs located circa the 1,276.00 mark.