| 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 | ⇒ | ⇒ | ⇗ | |
[ANNOUNCE] The yellow metal was stable against the US Dollar on Friday morning, as it was supported by the 55-hour SMA and the 38.20% Fibo retracement.[/ANNOUNCE] It managed to pick up speed mid-session and even breach the 200-hour SMA early today. This two-day period of appreciation has sent the pair close to the 1,330.00 mark where the upper boundary of a three-week channel and the monthly PP are located.
Technical indicators are in favour of strong bearish momentum, although some upside potential still could be possible within the following trading hours. A possible point of reversal could be the aforementioned 1,330.00 mark or the 23.60% Fibo at 1,335.60.
In terms of support, Gold should not move below the 55– and 100-hour SMAs near 1,318.00.