| 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 | ⇒ | ⇒ | ⇗ | |
Gold finally managed to overcome the strong one-week resistance of the 50.00% Fibonacci retracement and the monthly PP at 1,302.00 on Thursday. A further surge, however, did not follow, as the yellow metal was once again pushed below the psychological 1,300.00 level.
Downside pressure was provided by the 200-day SMA which is located at this reversal point. By Friday morning, the pair had breached several important support levels and was testing the 55– and 100-period (4H) and 200-hour SMAs at 1,297.00.
In case this barrier is breached, Gold should approach the senior channel and the 61.80% Fibo. Conversely, a failure to do so is most likely to cause ranging movement between the 200-day SMA and these smaller-scale lines.