| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 63% | 65% | -3.2% |
| Shorts | 37% | 35% | 5.6% |
| 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 | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The XAU/USD exchange rate continues to trade sideways in the 1,845.00 area.
It is likely that yellow metal could gain support from the 100– and 200-hour moving averages in the 1,830.00 area. Thus, some upside potential could prevail in the market, and the rate could target the 1,870.00/1,880.00 range.
In the meantime, note that the exchange rate could face the resistance level—the Fibo 23.60% at 1,860.59. If the predetermined level holds, gold could continue to trade sideways against the US Dollar in the short run.