| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 49% | 52% | -5.5% |
| Shorts | 51% | 48% | 5.4% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
During the previous trading session, the XAU/USD exchange rate failed to exceed the 1,745.00 level. During Monday morning, the rate was testing the support formed by the 200-hour SMA near 1,715.00.
Given that yellow metal is pressured by the 55– and 100-hour SMAs in the 1,725.00 area, it is likely that some downside potential could prevail, and the price for gold could target 1,695.00/1,700.00.
However, if the predetermined support holds, it is likely that gold could trade sideways against the US Dollar within the following trading session.