| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 38% | 36% | 3.0% |
| Shorts | 62% | 64% | -1.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
On Thursday, the XAU/USD exchange rate traded sideways around the monthly R2 located at the 1,333.67 mark.
Note, that the rate is supported by the 55-hour moving average, currently located at the 1,333.27 mark. Thus, it is likely, that bulls could prevail in the market in the short term. A possible upside target is the psychological level at 1,345.00.
From the technical perspective, it is unlikely, that the price for gold could decline, as it is supported by the 100-hour SMA at 1,328.28. However, if the given support does not hold, gold could drop to the monthly R1 at 1,319.79.