| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 51% | 52% | -0.9% |
| Shorts | 49% | 48% | 0.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇒ |
On Thursday, the XAU/USD exchange rate failed to surpass the resistance level formed by the 1,480.00 level. During today's morning, the rate reversed north.
Note that yellow metal is supported by the 55– and 100-hour moving averages, currently located circa 1,476.00. Thus, it is likely that the rate could re-test the given resistance. If it holds, gold could consolidate against the US Dollar in the short run.
If the given support does not hold, it is likely that some downside potential could prevail in the market in the nearest future. In this case the exchange rate could gain support of the monthly PP at 1,475.51.