| Positions | Today | Yesterday | % Change | |
| Longs | 45% | 44% | 2.22% | |
| Shorts | 55% | 56% | -1.82% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Sell | Neutral | Buy | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇒ | ⇗ | |
Downside risks were dominating over the XAU/USD exchange rate on Thursday. After failing to move above the 1,330.00 mark mid-session, the yellow metal started to gain bearish momentum until the monthly S1 at 1,309.92 was reached this morning.
Given that the pair remained near the 38.20% Fibo retracement line today, it is likely that a bullish reversal towards the 23.60% line occurs. This area is also reinforced by the 55–, 100– and 200-hour SMAs and the monthly PP in the 1,330.00/1,338.10 range.
Technical indicators are likewise supportive of this scenario, as they signal that a movement upwards should be due soon. On the other hand, a slight period of depreciation down to 1,300.00 should not be discarded.