| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 49% | -3.9% |
| Shorts | 53% | 51% | 3.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
On Wednesday, the XAU/USD exchange rate appreciated gradually. During today's morning, the rate jumped to the 1,505.00 level.
Note that yellow metal is supported by the 55-, 100– and 200-hour moving averages, currently located in the 1,492.76/1,496.90 area. Thus, it is likely that some upside potential could prevail in the market. A possible upside target is the upper boundary of the medium-term ascending channel at 1,520.00.
On the other hand, gold could trade sideways against the US Dollar at 1,505.00/1,510.00 within the following trading session. Also, it is unlikely that bears could prevail, and the price for gold could drop lower than the psychological level at 1,485.00.