| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 56% | -3.4% |
| Shorts | 46% | 44% | 4.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
On Wednesday, the XAU/USD exchange rate tried to exceed the monthly PP at 1,475.51. During today's morning, the rate was testing the given resistance.
If the given resistance holds, it is likely that a reversal south could occur in the nearest future. In this case the rate could reach the support formed by the 55-, 100– and 200-hour moving averages located circa 1,468.00.
However, if the given resistance does not hold, it is likely that some upside potential could prevail in the market in the short run. In this case the price for gold could try to exceed the 1,478.00 level.