| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 27% | 27% | 1.0% |
| Shorts | 73% | 73% | -0.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
During Wednesday, the XAU/USD exchange rate surpassed the psychological level at 1,500.00. During today's morning, the rate was trading sideways at the given level.
Given, that gold is supported by the 55– and 100-hour moving averages, currently located at 1,485.34 and 1,470.71, it is likely, that yellow metal could continue to appreciate against the US Dollar. A possible upside target is the monthly R3 at 1,521.59.
On the other hand, the exchange rate could trade sideways, supported by the monthly R2 at 1,487.41. Also, it is unlikely, that the price for gold could drop lower than 1,450.37 due to the support of the monthly R1 and the 200-hour SMA.