| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 46% | 50% | -9.8% |
| Shorts | 54% | 50% | 8.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
During previous trading sessions, the XAU/USD exchange rate breached the long-term ascending channel north and reached the 1,500.00 level. During today's morning, the rate was trading at the given level.
From the one hand, it is likely that yellow metal could trade sideways against the US Dollar in the short term.
From the other hand, the price for gold could continue to raise within the following trading session. A possible upside target is the 1,520.00 level.
It is unlikely that bears could prevail in the market, and the exchange rate could decline lower than the 100-hour SMA, currently located at 1,491.65.