| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 71% | 69% | 3.2% |
| Shorts | 29% | 31% | -7.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
During Friday morning hours, the XAU/USD exchange rate was testing the lower boundary of the falling wedge pattern.
From a theoretical point of view, it is likely that the price for gold could reverse north and increase in the nearest future. Note that the nearest resistance, formed by the 55-, 100– and 200-hour SMAs, is located in the 1,789.40/1,796.20 range.
However, if the predetermined pattern does not hold, yellow metal could continue to depreciate against the US Dollar within the following trading session. A possible downside target is the Fibo 38.20% at 1,729.33.