Positions | Today | Yesterday | % Change | |
Longs | 47% | 48% | -2.13% | |
Shorts | 53% | 52% | 1.89% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
Alligator (13; 8; 5) | Sell | Neutral | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
An area around the 1,313.61 mark indeed represented a sort of benchmark, which bullion traders used to try to restore previously lost positions. As this advance had a short-term effect, the pair expectedly fell back through the weekly and monthly PP as well as the 55- and 100-hour SMAs yesterday.
On the one hand, such movement points out on formation of a minor descending channel. If this is true, then the rate is likely to continue to move to the bottom, trying to hit the weekly S2 at 1,283.66.
A pressure from the above technical indicators would support such movement. On the other hand, there is a need to take into account that three times in a row the rate failed to pass through the 1,290.93 level.