| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 47% | 2.08% | |
| Shorts | 52% | 53% | -1.92% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
Following a sharp up-move on Tuesday which was caused primarily by weaker US Dollar, the yellow metal surrendered some of its positions during the previous session.
As a result, the pair was pushed down to the monthly PP at 1,330.00. Its subsequent movement was guided entirely by the 55-hour SMA which had pushed the rate to the combined resistance of the 200-hour SMA and the 23.60% Fibo near 1,335.60 by Wednesday morning.
Technical indicators remain bullish for this session, thus suggesting a move towards the senior channel and the monthly R1 at 1,355.00—the pair's highest level in March. This scenario should still be confirmed by a breakout of the long-term moving average.
Meanwhile, Gold's direction during the following week is expected to be south in line with the senior channel.