Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 64% | 63% | 1.1% |
Shorts | 36% | 37% | -1.9% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Sell | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Neutral | Neutral |
Alligator(13;8;5) | Neutral | Sell | Buy |
SAR(0.02;0.2) | Buy | Sell | Sell |
Aggregate | ⇒ | ⇘ | ⇒ |
Since Friday, the XAU/USD exchange rate has been testing the resistance provided by the 200-hour moving average near 1,900.00.
Given that yellow metal is supported by the 55– and 100-hour moving averages near 1,880.00, it is likely that some upside potential could prevail in the market in the short term.
In the meantime, if the predetermined resistance holds, a reversal south could occur. In this case the exchange rate could target the 1,850.00/1,860.00 range.