| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 56% | 1.8% |
| Shorts | 43% | 44% | -2.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
On Friday, the XAU/USD exchange rate dropped to the 1,460.00 level. During today's morning, the rate was testing the Fibo 23.60% at 1,462.89.
Note that yellow metal is supported by the 200-hour moving average, currently located at 1,465.51. Thus, it is likely that some downside potential could prevail in the market. In this case the rate could re-test the lower boundary of the medium-term ascending channel located circa 1,457.60.
If the given channel holds, a reversal north could follow. But it is unlikely that the rate could exceed the given moving average. Otherwise, a breakout south could occur.