| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 40% | 6.3% |
| Shorts | 58% | 60% | -4.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
Yesterday, the XAU/USD exchange rate failed to surpass the resistance level formed by the monthly PP at 1,607.96. During Tuesday morning, the rate was testing the 55-hour SMA near 1,603.00.
If the given resistance holds, it is likely that yellow metal could depreciate against the US Dollar in the short term. In this case the price for gold could decline to the 1,570.00 level.
On the other hand, the exchange rate could trade sideways, trying to surpass the given resistance. It is unlikely that bulls could prevail, and the rate could exceed above 1,630.00 due to the resistance formed by the 100– and 200-hour SMAs.