Positions | Today | Yesterday | Change |
---|---|---|---|
Longs | 46% | 47% | -2.5% |
Shorts | 54% | 53% | 2.1% |
Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Sell | Buy | Buy |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Buy | Neutral |
Alligator(13;8;5) | Sell | Buy | Buy |
SAR(0.02;0.2) | Buy | Sell | Buy |
Aggregate | ⇒ | ⇗ | ⇗ |
On Wednesday, the XAU/USD exchange rate reversed north from the 1,550.00 level. During today's morning, the rate was testing the resistance provided by the 100-hour SMA.
Note that yellow metal could also face the resistance of the 200-hour SMA at 1,574.00. Thus, a reversal south could occur in the nearest future, and the rate could re-test the 1,550.00 level.
On the other hand, yellow metal could gain support of the 55-hour moving average in the 1,560.00. In this case gold could consolidate against the US Dollar within the following trading session.