Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 55% | 54% | 1.8% |
Shorts | 45% | 46% | -2.2% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Sell |
Alligator(13;8;5) | Sell | Buy | Buy |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇘ | ⇗ | ⇗ |
During Friday morning hours, the XAU/USD exchange rate dropped to the 1,890.00 level.
From the one hand, it is likely that a reversal north could occur, and yellow metal could extend gains against the US Dollar in the short run. The rate could face the resistance area formed by the 55-, 100– and 200-hour SMAs in the 1,908.00/1,930.00 range.
From the other hand, gold could continue to depreciate against the Greenback within the following trading session. Note that the nearest support level—the Fibo 23.60% is located at 1,860.59.