| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 45% | 47% | -3.2% |
| Shorts | 55% | 53% | 2.7% |
| 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) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
On Monday, the XAU/USD exchange rate reversed south from the upper boundary of the medium-term descending channel. During today's morning, was trading at 1,568.00.
Given that yellow metal is pressured by the 55– and 200-hour SMAs, it is likely that some downside potential could prevail in the market. In this case the rate could target the 1,560.00 level.
However, note that the exchange rate would have to surpass the 100-hour SMA near 1,565.00. Thus, if the given support holds, gold could consolidate against the US Dollar.