| 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 inability of the yellow metal to surpass the 200-hour SMA on Tuesday morning was followed by a significant 1.85% plunge down to the 1,290.00 level. Additional bearish pressure was provided by disappointing US Retail Sales released mid-yesterday.
During this time, Gold breached various support levels, including the five-month channel. The seniority of this pattern suggests that the pair should edge higher and test its bottom boundary and the 50.0% Fibonacci retracement at 1,300.00.
It is also likely that the pair's appreciation does not end there, as it should aim for the 55-, 100– and 200-hour SMAs near 1,310.00.