| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 58% | 57% | 1.2% |
| Shorts | 42% | 43% | -1.6% |
| 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 | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The XAU/USD exchange rate has revealed a rising wedge pattern. During Tuesday morning, the rate was testing the monthly PP at 1,969.20.
From a theoretical point of view, it is likely that yellow metal could continue to appreciate against the US Dollar within the given pattern in the short term.
Meanwhile, if the predetermined resistance level holds, it is likely that the exchange rate could trade sideways within the following trading session.