| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 46% | 46% | -1.0% |
| Shorts | 54% | 54% | 0.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
Yesterday, the XAU/USD exchange rate touched the 1,665.00 level. During Wednesday morning, the rate was testing the resistance level—the monthly R1 at 1,704.29.
If the given resistance holds, it is likely that a reversal south could occur in the nearest future. In this case the rate could gain support from the 55-hour SMA near 1,687.00.
On the other hand, it is likely that yellow metal could gain support from the 100– and 200-hour SMAs near 1,695.00. In this case the price for gold could exceed the given resistance and target the 1,730.00 level.