| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 57% | -2.7% |
| Shorts | 44% | 43% | 3.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
On Monday, the XAU/USD exchange rate traded sideways around the Fibo 23.60% at 1,462.89. During today's morning, the rate surpassed the 1,465.00 level.
Note that yellow metal is squeezed by 55-, 100 and 200-hour moving averages. Thus, it is likely, that gold could consolidate against the US Dollar within the 1,465.00/1,470.00 area in the short run.
It is unlikely that bulls could prevail, and the price for gold could exceed the monthly PP at the 1,475.00 mark. Also, it is unlikely that some downside potential could prevail, and the rate could break the lower line of the medium-term ascending channel at 1,458.00.