| 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 | ⇒ | ⇒ | ⇗ | |
[ANNOUNCE] The yellow metal has been depreciating against the US Dollar in a descending channel for the seventh consecutive trading session. [/ANNOUNCE] The pair has already fallen 1.34% since the beginning of this week.
By Wednesday morning, Gold had reached the monthly S2 and the bottom boundary of a three-month channel down near 1,255.00. Shorter-term technical indicators are starting to recover, while those on the 4H time-frame are still lagging behind. However, it is still expected that this session brings some bullish momentum to the upside.
A strong resistance cluster is set by the 55– and 100-hour SMAs at 1,265.00. In case this level us surpassed, Gold is likely to target the 200-hour SMA at 1,275.00.