| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 59% | 56% | 5.4% |
| Shorts | 41% | 44% | -7.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
Yesterday, the XAU/USD exchange rate declined to the psychological level at 1,450.00. During Tuesday morning, the rate was testing the given level.
Note that gold is pressured by the 55– and 100-hour moving averages, currently located at 1,460.59 and 1,470.62 respectively. Thus, it is likely that the price for gold could go downwards within the following trading session.
However, if the given psychological level holds, it is likely that yellow metal could trade sideways against the US Dollar in the nearest future. Also, it is unlikely that bulls could prevail, and the rate could exceed the monthly S1 at 1,475.18.