| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 50% | 50% | 0.6% |
| Shorts | 50% | 50% | -0.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
On Wednesday, the XAU/USD exchange rate consolidated at 1,750.00. During today's morning, the rate declined below 1,740.00.
From a theoretical perspective, it is likely that the rate could re-test the lower pattern line in the 1,725.00 area in the nearest future.
If the given pattern holds, it is likely that a reversal north could follow. Note that the price for gold could face the resistance formed by the 55– and 100-hour SMAs near 1,743.00.
Otherwise, it is likely that the rate could breach the given pattern south and target the psychological level at 1,700.00.