Positions | Today | Yesterday | % Change | |
Longs | 74% | 74% | 0.00% | |
Shorts | 26% | 26% | 0.00% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇒ | ⇒ | ⇒ |
The gold price appreciated 0.43% since Wednesday's trading session. The XAU/USD broke out through the monthly PP at the 1,196.00 mark and kept squeezed between the 55-hour and the 100-hour simple moving averages during Thursday's morning hours.
In regards to the near future, the yellow metal will move upwards due to a strong support level of the monthly pivot point at the 1,196.00 and the 55-hour simple moving average.
Note, that the 200-hour simple moving average at the 1,202.00 level might stop the rate and push gold back to trade into the pattern.