| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 48% | 48% | -1.4% |
| Shorts | 52% | 52% | 1.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
Yesterday, the XAU/USD exchange rate revealed a medium-term ascending channel. During Thursday morning, the rate was trading at 1,730.00.
Note that yellow metal is supported by the 55– and 100-hour SMAs near 1,725.00. Thus, some upside potential could prevail in the market, and the rate could target the resistance area in 1,740.00/1,745.00.
On the other hand, it is likely that gold could trade sideways against the US Dollar in the 1,730.00 area within the following trading session.
Also, it is unlikely that a breakout south from the channel could occur, as the rate could gain support from the 200-hour SMA near 1,720.00.