Positions | Today | Yesterday | % Change | |
Longs | 74% | 75% | -1.35% | |
Shorts | 26% | 25% | 3.85% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Buy | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇗ | ⇒ | ⇘ |
The gold price has decreased to the 1,200.00 mark on Wednesday morning. The price decrease occurred due to Tuesday's s price drop of 1.07% due to the US and Mexico making a trade agreement, which strengthened the US Dollar.
The 55-hour SMA passed the rate during Tuesday's session and took a role of resistance for the rate. The 100-hour SMA is playing support. The rate is located among the 55—hour and the 100-hour SMA's during Wednesday session. It is expected that the 55– hour and the 100-hour SMA's will squeeze the pathway which will force the rate to breakout upwards or downwards.
The XAU/USD is been going up for the couple of weeks now. It is expected that the price surge will continue if the fundamental news will not break the pattern.