| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 54% | 55% | -0.8% |
| Shorts | 46% | 45% | 1.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The XAU/USD exchange rate continued to trade sideways between the psychological level at 1,830.00 and the Fibo 23.60% at 1,860.59.
Given that yellow metal is supported by the 55– and 100-hour SMAs near 1,850.35, it is likely that some upside potential could prevail in the market. The rate could raise to the 200-hour SMA near 1,884.20.
In the meantime, if the given Fibonacci retracement holds, gold could continue to trade sideways against the US Dollar within the following trading session.