| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 44% | 43% | 1.1% |
| Shorts | 56% | 57% | -0.8% |
| 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 | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
During Tuesday's trading session, the yellow metal surged to the upper boundary of the medium pattern line at the 1,310.00 mark. On Wednesday morning, gold was trading between the 100-hour and the 200-hour simple moving averages at the 1,302.53 mark.
In regards to the near-term future, most likely, the 200-hour simple moving average will support the rate to push it to the 1,305.00 level.
However, today's US Federal Funds Rate, FOMC Statement release at 18:00 GMT might push the US Dollar to appreciate against the yellow metal to the 1,296.00 level.