| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 45% | 49% | -7.8% |
| Shorts | 55% | 51% | 6.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
During Friday, the XAU/USD exchange rate traded sideways within the 1,510.00/1,515.00 area. During today's morning, the rate maintained its consolidation.
Given that gold is supported by the 55-hour moving average at 1,508.83, it is likely that the rate could re-test the upper boundary of the medium-term ascending channel at 1,519.00.
If the given channel holds, a reversal south could occur. In this case the price for gold could decline to the 1,500.00 mark. Otherwise, yellow metal could extend gains against the Greenback in the short term.