| Positions | Today | Yesterday | % Change | |
| Longs | 70% | 70% | 0.00% | |
| Shorts | 30% | 30% | 0.00% | |
| 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) | Buy | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇘ | |
During Thursday's trading session, the yellow metal passed through the support levels of the 55-hour and the 100-hour simple moving average to end the trading day at 1,231.24 mark. On Friday morning, the gold was trading near the 55-hour simple moving average at the 1,233.46 mark.
In regards to the near-term future, most likely, the gold will trade sideways to stay at the 1,234.00 level. The 55-hour SMA should support the gold during the day.
However, the US Dollar could appreciate against the yellow metal during today's US Advance GDP q/q data release at 12:30 GMT. The fundamental news could force the gold to pass the SMAs to trade at the 1,228.00 level.