| 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 | ⇒ | ⇒ | ⇗ | |
The first part of Wednesday's trading session was spent under the bearish pressure, as the yellow metal lost 0.88% against the US Dollar. This fall reversed at the 1,320.00 mark—which is also the April low—and regained some lost positions just to test the 55-hour SMA on Thursday morning.
It seems that the pair is ready to breach a one-week descending channel and is moving towards the confirmation of a newly-word channel down at 1,328.70. The 100-hour SMA and the monthly PP are likewise located at this mark.
It is likely that this area forces a bearish reversal and sends the pair for another decline. The nearest support is set by the 38.20% Fibonacci retracement, while Gold could push even lower down to the 1,310.00 territory.