Positions | Today | Yesterday | % Change | |
Longs | 75% | 75% | 0.00% | |
Shorts | 25% | 25% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Neutral | Sell | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇒ | ⇘ | ⇘ |
The yellow metal has depreciated 1.27% against the US Dollar since mid-Wednesday. The pair tested the bottom boundary of the trend line at 1,186.53 early on Thursday, which created a new down-trend.
During Thursday morning hours, Gold was at 1,190.03, testing the 200-hour SMA as additional support level to recover itself. However, the yellow metal passed the 200– hour simple moving average at 7:00 GMT on Thursday, which shows strong bearish signals for traders.
Insignificant data releases are scheduled for today's trading session which may keep the yellow metal between the 55-hour and 200-hour SMAs.