| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 58% | 4.3% |
| Shorts | 40% | 42% | -6.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
On Monday, the XAU/USD exchange rate declined to the lower boundary of the short-term descending channel at 1,453.00. During today's morning, the rate reversed north.
From a theoretical perspective, it is likely that the price for gold could raise within the following trading session. In this case, the rate could reach the Fibonacci 23.60% retracement at the 1,462.89 mark.
However, note that yellow metal is pressured by the 55-hour SMA, currently located at 1,460.79. If the given resistance holds, it is likely that gold could depreciate against the Greenback in the short run.