| Positions | Today | Yesterday | % Change | |
| Longs | 41% | 42% | -2.44% | |
| Shorts | 59% | 58% | 1.69% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇘ | ⇗ | ⇗ | |
The yellow metal has maintained its gradual movement southwards as of mid-Friday. It fell 0.63% against the US Dollar yesterday and continued the same tendency early in this session.
Following a breakout of the 100-hour SMA and the weekly PP circa 1,348.00, Gold also breached the 200-hour moving average and the bottom boundaries of three ascending channels. This suggest that the pair is likely to continue depreciating later this week. For now, however, a brief correction north should occur, as technical indicators have been located in the relatively bearish territory since late Friday.
The nearest resistance is the 200-hour SMA, while a more realistic upside target for today is the 1,350.00 where the 55– and 100-hour SMAs are located.