| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 39% | 39% | -0.1% |
| Shorts | 61% | 61% | 0.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
During the previous trading session, the price for gold reached the lower boundary of the descending triangle pattern at 1,282.56.
From a theoretical point of view, the XAU/USD exchange rate should reverse north and continue going up. However, the rate has to surpass the resistance formed by the 55-hour SMA, currently located at 1,289,40.
If the given pattern does not hold, it is likely, that a breakout south occurs in the nearest future, and the price for gold surpasses the psychological level at 1,280.00.