| 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 | ⇒ | ⇒ | ⇗ | |
Following a rather calm Tuesday morning, bulls started to dominate Gold later in the session, thus dashing through the 55– and 100-hour SMAs. This bullish momentum halted shortly after at the 200-hour moving average located near 1,300.00.
This line which has proved to be a strong resistance level this week was breached early today. In case the pair manages to remain above this long-term SMA, it is likely that the rate continues to strengthen until the 200-period (4H) SMA located near 1,310.00.
Conversely, a failure to surpass above this psychological level should trigger sellers and result in a decline. A possible southern target is the 61.80% Fibo retracement at 1,285.00.