| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 66% | 66% | 0.4% |
| Shorts | 34% | 34% | -0.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
Since Thursday, the XAU/USD exchange rate has been trading sideways near 1,840.00.
It is likely that yellow metal could gain support from the 100– and 200-hour SMAs in the 1,813.00/1,827.00 range. Thus, some upside potential could prevail in the market, and the price for gold could target the Fibo 23.60% at 1,860.59.
In the meantime, note that the exchange rate could be pushed down by the 55-hour moving average near 1,838.00. In this case the rate could target the 1,790.00/1,800.00 area.