| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 72% | 69% | 3.2% |
| Shorts | 28% | 31% | -8.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
On Friday, the XAU/USD exchange rate reversed north from the lower boundary of the falling wedge pattern.
From a theoretical point of view, it is likely that the rate could trade upwards in the nearest future, as it should target the upper pattern line located in the 1,825.00/1,830.00 range.
In the meantime, note that yellow metal could face the resistance formed by the 200-hour SMA near 1,809.00. Thus, the price for gold could trade sideways, supported by the 55– and 100-hour SMAs in the 1,785.00 area.