| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 50% | 51% | -2.0% |
| Shorts | 50% | 49% | 2.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
During previous trading session, the XAU/USD exchange rate tried to surpass the resistance level at 1,480.00. During Monday morning, the rate exceeded the given resistance and jumped to the 1,484.00 mark.
It is unlikely that the price for gold could decline lower than the 1,478.00 mark due to the support formed by the 55– and 100-hour SMAs.
It is likely that yellow metal could consolidate at the 1,484.00 level in the nearest future. On the other hand, the rate could target the 1,488.00 level in the short term.