| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 51% | 0.2% |
| Shorts | 49% | 49% | -0.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
On Friday, the XAU/USD exchange rate tried to surpass the resistance formed by the 55– and 100-hour SMAs near 1,737.00. During today's morning, the rate pierced the lower line of the rising wedge pattern.
Note that yellow metal is also pressured by the 200-hour SMA near 1,733.00. Thus, it is likely that a breakout south could occur, and the price for gold could decline below 1,720.00.
Meanwhile, from a theoretical point of view, it is likely that some upside potential could prevail in the market, and the rate could trade along the lower pattern line.