| Positions | Today | Yesterday | % Change | |
| Longs | 54% | 54% | 0.00% | |
| Shorts | 46% | 46% | 0.00% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Sell | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Neutral | Neutral | |
| SAR (0.02; 0.2) | Buy | Buy | Sell | |
| Aggregate | ⇒ | ⇒ | ⇒ | |
As most financial instruments that are denominated against the US Dollar, gold prices have surged. On Thursday morning the commodity price was already approaching an upper trend line of a medium scale channel up pattern. The price was guided to that trend line by a junior channel up pattern.
Due to that reason the metal's price should be watched carefully. An encounter with the mentioned trend line might turn out into a new short term trend, which might take any direction.
The metal might decline down to the 55-hour SMA, begin a consolidation or continue the surge. In short, watch for clues.