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 introduced no changes to its overall price level on Monday. The pair was trading in a narrow range around the 1.280.00 mark, as it failed to accelerate following the 1.77% plunge on Friday. A fall below 1,275.00 - its 2018 low - was restricted by the monthly S1.
It is expected that Gold picks up bullish momentum, similarly to technical indicators that have already started to move higher. It faces a strong resistance cluster formed by the 55-hour SMA, the 61.80% Fibo retracement and the breached senior channel at 1,290.00.
Some further advance should still follow, thus setting the 1,300.00 territory as today's high. This level is strengthened by the 55-, 100– and 200-period (4H) SMAs.