| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 47% | 2.08% | |
| Shorts | 52% | 53% | -1.92% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
XAU/USD was trading in a narrow range on Wednesday and early on Thursday. The upper limit was set by the monthly PP, the 55-period (4H) SMA and the 50.00% Fibo retracement at 1,30.00, while the lower one—by the combination of the 55– and 100-hour and the 100-period (4H) moving averages near 1,295.00.
A breakout should occur soon. Technical indicators are in favour of the bearish scenario. This would send the pair past the bottom line of a one-month channel and down to the 1,290.00 mark.
Conversely, the yellow metal is expected to target the 1,310.00 area if its current resistance cluster is surpassed.