Positions | Today | Yesterday | % Change | |
Longs | 43% | 43% | 0.00% | |
Shorts | 57% | 57% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Buy | Buy | |
RSI (14) | Neutral | Sell | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Sell | |
Alligator (13; 8; 5) | Buy | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇗ | ⇗ |
During Tuesday morning hours, the yellow metal slumped by 1263 pips or 0.98% to trade at the 1,282.00 level. Note, the 200-hour simple moving average supported the gold from the fall at the 1281.89 mark.
In regards to the near-term future, most likely, the 200-hour simple moving average will continue to support the yellow metal to push the gold to trade up towards the 23.60 % Fibonacci retracement level at the 1,291.57 mark.