| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 55% | 56% | -2.6% |
| Shorts | 45% | 44% | 3.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Yesterday, the XAU/USD exchange rate breached the rising wedge pattern south. During Thursday morning, the rate dropped below the 200-hour SMA near 1,945.00.
It is likely that some downside potential could prevail in the market in the short term, and the price for gold could target the 1,920.00/1,930 range.
In the meantime, it is unlikely that some upside potential could prevail in the market, and the price for yellow metal could exceed the 55– and 100-hour SMAs in the 1,955.00 area.