| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 46% | 44% | 3.9% |
| Shorts | 54% | 56% | -3.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
On Monday, the XAU/USD exchange rate tried to surpass the monthly R1 at 1,704.29. During today's morning, the rate plummeted to the 1,675.00 mark.
Given that yellow metal is pressured by the 55-, 100– and 200-hour SMAs in the 1,690.00/1,700.00 area, it is likely that some downside potential could prevail. In this case the rate could target the 1,640.00/6,660.00 cluster.
On the other hand, the price for gold could reverse north from the 1,675.00 level and re-test the monthly R1 in the nearest future.