Positions | Today | Yesterday | % Change | |
Longs | 48% | 47% | 2.08% | |
Shorts | 52% | 53% | -1.92% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Sell | Sell | |
Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
Gold was trading along a breached trend-line against the US Dollar during Friday's session. Further advances were restricted by this line and the 100-hour SMA, while a fall below the 1,324.00 was stopped by the weekly PP.
On Monday, the northern barrier is likewise reinforced by the 200-hour SMA and the 23.60% Fibo. This factor is likely to either pressure the yellow metal lower or result in a minor period of consolidation today. In case the 55-hour SMA and the monthly PP at 1,328.00 is breached, a possible fall is restricted solely by the 38.20% Fibo retracement line at 1,316.67.
The prevailing patterns suggest that the pair is likely to push lower in both short– and medium-term. The bottom boundary of a two-week channel is located at 1,310.00.