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 grew stronger against the US Dollar on Friday, being boosted by fundamental events. As a result, it returned in the breached senior channel and subsequently surpassed the 55– and 100-hour SMAs.
It is likely that the yellow metal edges higher during the following hours, supported by the 100-hour SMA. This appreciation might not be long-lived due to the 55– and 100-period (4H) and the 200-hour ones located in the 1,240.00 area. This resistance cluster is expected to pressure the pair south down to the aforementioned 55– and 100-hour moving averages circa 1,225.00.
In case 1,240.00 is breached to the upside, no resistance is apparent until 1,265.00.