| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 55% | 58% | -4.9% |
| Shorts | 45% | 42% | 6.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇑ | ⇗ | ⇗ |
Yesterday, the XAU/USD exchange rate reversed south from the 1,990.00 level. During today's morning, the rate was testing the support provided by the 100-hour SMA near 1,960.00.
Given that yellow metal is pressured by the 55-hour moving average near 1,970.00, it is likely that some downside potential could continue to prevail in the market.
Note that the exchange rate could gain support from the 200-hour SMA near 1,948.00. Thus, gold could trade sideways against the Greenback in the short run.