| 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 | ⇒ | ⇒ | ⇗ | |
Gold's three-day appreciation against the US Dollar was stopped by the 200-hour SMA and the 38.20% Fibonacci retracement on Monday. As a result, the pair failed to form a higher high and reach the upper boundary of a short-term channel near 1,322.00.
Its movement yesterday was stranded in between two moving averages. The narrowing of the trading range does suggest that a breakout should occur soon, and it is likely that the direction of this move dominates the yellow metal during the remaining session.
Technical indicators favour a bearish breakout that should send the rate towards the senior channel and the 50.0% Fibo at 1,300.00. In case a bullish scenario occurs, Gold is expected to test the weekly PP at 1,331.00 within the following two trading sessions.