| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 59% | 1.9% |
| Shorts | 40% | 42% | -2.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇓ |
On April 23, the precious metal Gold dropped by 247 pips or 1.38% against the US Dollar. The commodity breached the 55– and 100– hour SMAs during Friday's trading session.
The XAU/USD exchange rate is likely to continue to edge lower during the following trading session. A breakout through the lower boundary of an ascending channel pattern could occur.
However, if the channel pattern holds, buyers could drive the exchange rate higher today.