| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 59% | 1.7% |
| Shorts | 40% | 41% | -2.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
During Wednesday morning hours, the XAU/USD exchange rate broke the upper boundary of the short-term descending channel.
It is likely that yellow metal could bounce off the resistance level—the Fibo 23.60% at 1,860.59 and depreciate against the US Dollar in the short term. The rate could target the 1,820.00 area.
Meanwhile, note that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs in the 1,839.20/1,852.65 area. Thus, the price for gold could grow within the following trading session.