| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 46% | 3.1% |
| Shorts | 53% | 54% | -2.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
Yesterday, the XAU/USD exchange rate dropped to the psychological level at 1,480.00. During Wednesday morning, the rate was trading near the given level.
Note that yellow metal is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 1,488.54/1,497.67 area. Therefore, it is likely that the commodity could go downwards against the US Dollar in the short term.
On the other hand, gold could trade sideways against the Greenback in the 1,480.00/1,485.00 area within the following trading session. It is unlikely that bulls could prevail in the market, and the price for gold could breach the falling wedge pattern north.