| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 46% | 0.6% |
| Shorts | 53% | 54% | -0.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
On Thursday, the XAU/USD exchange rate consolidated at 1,565.00 level. During today's morning, the rate was testing the resistance level formed by the 200-hour SMA and the monthly PP at 1,573.09.
If the given resistance holds, it is likely that a reversal south could occur in the nearest future. However, it is unlikely that the price for gold could decline below the psychological level at 1,550.00.
Also, note that yellow metal would have to surpass the 55-hour SMA in the 1,560.00 area. If the given support holds, gold could continue to consolidate against the Greenback.