| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 53% | 7.1% |
| Shorts | 43% | 47% | -9.3% |
| 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) | Neutral | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
During the second part of Monday's trading session, the yellow metal's price surged by 150 pips or 0.83%. The currency pair breached the 200– hour simple moving average at 1811.8 on Tuesday morning.
The XAU/USD exchange rate is likely to continue to edge higher through the following trading session. A breakout through the upper boundary of a descending channel pattern could occur.
However, if the channel pattern holds, bearish traders might drive the price of the commodity lower today.