| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 33% | 37% | -11.8% |
| Shorts | 67% | 63% | 5.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
Yesterday, gold appreciated slightly against the US Dollar, and the XAU/USD exchange rate reached the 1,545.00 level. During Wednesday morning, the rate was trading near the given level.
Note that the exchange rate is supported by the 55-hour moving average, currently located at 1,534.95. Thus, yellow metal could continue to extend gains against the Greenback in the nearest future. A possible upside target is the 1,555.00 level.
It is unlikely that bulls could prevail in the market, and the price for yellow metal could drop lower than the 1,514.16/1,521.59 due to the support cluster formed by the 100– and 200-hour SMAs, as well the monthly R3.