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 is showing no changes in its positioning against the US Dollar for the sixth consecutive session. Similarly to other days, the 50.00% Fibonacci retracement and the monthly PP proved to be a strong resistance level, thus restricting any attempts to move above 1,302.00.
Meanwhile, it is apparent that the pair is gradually moving away from a four-week channel. This suggests that the 55– and 200-hour SMAs could guide the pair higher today. However, significant gains might not follow, as the 1.305.00 mark is restricted by the 200-period (4H) SMA.
The rate being stranded between these strong barriers are likely to result in yet another calm day for the yellow metal.