| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 45% | 4.3% |
| Shorts | 53% | 55% | -3.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
On Wednesday, the XAU/USD exchange rate consolidated around the 1,567.00 level. During today's morning, the rate breached the medium-term descending channel north.
It is likely that yellow metal could gain support from the monthly PP at 1,573.09 and continue to trade upwards against the US Dollar in the short run. In this case the rate could exceed the 1,580.00 level.
However, if the given support level does not hold, it is likely that some downside potential could prevail in the market. In this case gold could gain support of the 55-, 100– and 200-hour SMAs in the 1,569.00 area.