| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 47% | 2.08% | |
| Shorts | 52% | 53% | -1.92% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
After reaching the upper boundary of a two-month channel down and its weekly high at 1,310.00 mid-Friday, the yellow metal began depreciating against the US Dollar as a result of which it was trading at the 100-hour SMA early this morning.
Technical indicators are generally neutral for this session. Given that there is a bank holiday in the US, big leaps either direction are unlikely. In terms of the downside, it is expected that the pair does not fall below the 200-hour SMA near 1,290.00, as this level is likewise reinforced by the 55-period SMA on the four-hour chart.
Meanwhile, bullish gains should be capped near the upper channel line at 1,307.00. This scenario is likewise supported by the six-day channel whose upper boundary is located at 1,310.00.