| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 37% | 34% | 6.7% |
| Shorts | 63% | 66% | -3.8% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
Yesterday, the XAU/USD exchange rate declined to the 1,400.00 level. During Wednesday's morning, the rate tested the resistance formed by the 55-, 100– and 200-hour SMAs, located in the 1,407.04/1,411.32 range.
If the given resistance holds, it is expected, that the price for gold could go downwards. In this case, the rate could target the lower boundary of the short-term ascending channel located circa 1,395.00.
On the other hand, the exchange rate could trade sideways, trying to surpass the given moving averages.