| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 56% | 56% | 0.5% |
| Shorts | 44% | 44% | -0.6% |
| 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) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
On Tuesday, the XAU/USD exchange rate traded sideways around the 1,465.00 level. During today's morning, the rate was testing the resistance formed by the 100– and 200-hour SMAs at 1,466.96.
Note that yellow metal is supported by the 55-hour SMA, as well the Fibo 23.60% at 1,462.89. Thus, if the given support and resistance hold, it is likely that gold could consolidate against the US Dollar in the short run.
If the given support does not hold, the exchange rate could re-test the lower boundary of the medium-term ascending channel at 1,459.00. Also, it is unlikely that bulls could prevail, and the rate could exceed the monthly PP at 1,475.51