| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 65% | 66% | -0.7% |
| Shorts | 35% | 34% | 1.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇗ |
Since Tuesday, the XAU/USD exchange rate has been trading sideways in the 1,840.00 area.
It is likely that yellow metal could gain support from the 55– and 200-hour moving averages near 1,835.00. Thus, bulls could prevail in the market in the short run. Note that the rate would have to exceed the Fibo 23.60% at 1,860.59.
If the predetermined resistance level holds, the exchange rate could bounce off. If the given support holds, gold could continue to trade sideways against the US Dollar in the short term.