| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 59% | 0.8% |
| Shorts | 40% | 41% | -1.2% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇗ | ⇓ |
On Tuesday, the precious metal gold declined by 95 pips or 0.54% against the US Dollar. The commodity breached the 55– and 200– hour SMAs during yesterday's trading session.
The exchange rate is currently trading near the lower line of a descending channel pattern and could be set for a breakout.
If the channel pattern holds, buyers could pressure the XAU/USD pair higher within this session.
However, if the currency exchange rate breaks the descending channel pattern, bearish traders are likely to target the 1760.00 level within this session.