| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 55% | 52% | 6.3% |
| Shorts | 45% | 48% | -7.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
On Tuesday, the XAU/USD exchange rate increased to the 1,540.00 level. During today's morning, the rate declined to the Fibo 23.60% at 1,497.76.
If the given Fibonacci retracement holds, it is likely that some upside potential could prevail. In this case the rate would have to surpass the 200-hour SMA near 1,540.00.
On the other hand, it is likely that yellow metal could be remain under pressure of the 55-hour SMA near 1,510.00. In this case gold could trade sideways against the US Dollar in the short run.