Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 37% | 36% | 1.0% |
Shorts | 63% | 64% | -0.6% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Buy | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Sell | Buy |
SAR(0.02;0.2) | Sell | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇒ |
Yesterday, the XAU/USD exchange rate tried to surpass the support level formed by a combination of the monthly S1 and the Fibonacci 38.20% retracement at 1,275.00.
Given that the rate is being pressured by the 55-hour SMA, currently located at 1,277.32, it is likely, that some downside potential prevails in the market. A possible downside target is the 1,265.00/1,270.00 range.
On the other hand, the rate could trade sideways, trying to surpass the given resistance. It is unlikely, that the price for gold could surpass the 100-hour SMA at 1,282.99.