| Positions | Today | Yesterday | % Change | |
| Longs | 73% | 74% | -1.37% | |
| Shorts | 27% | 26% | 3.70% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Neutral | Buy | Sell | |
| SAR (0.02; 0.2) | Buy | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇒ | |
During Wednesday's trading session, the yellow metal broke most of the technical indicators to appreciate by 1096 pips or 0.90 %. During Thursday morning hours, the gold broke the resistance of the 61.80% Fibo to trade at the 1,226.42 mark.
In regards to the near-term future, most likely, the yellow metal will trade sideways to stay at the 1,228.00 level on Thursday. Besides, the 61.80% Fibonacci retracement level should support the gold during the day.
However, the yellow metal could pass through the support of the 61.80% Fibonacci retracement level to trade at the 1,222.00 level.