| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 47% | 2.08% | |
| Shorts | 52% | 53% | -1.92% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
Gold has been trading sideways against the US Dollar for a week now. Bullish gains have been limited by the 50.00% Fibonacci retracement and the monthly PP at 1.301.00, while support is set by the lower boundary of a six-day channel up and the 100-period (4H) SMA.
Technical indicators on the 1H and 4H charts flash mixed signals, while those on the 1D time-frame point to further advance. In case the 100-period SMA is breached, it is expected that bears push the rate considerably lower, possibly down to the senior channel and the 61.80% Fibo at 1.285.00.
Meanwhile, gains are likely to be limited today, as the 1,310.00 area is restricted by the 200-day SMA.