Positions | Today | Yesterday | % Change | |
Longs | 72% | 74% | -2.78% | |
Shorts | 28% | 26% | 7.14% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Buy | Sell | Sell | |
RSI (14) | Neutral | Neutral | Buy | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Buy | Sell | Sell | |
SAR (0.02; 0.2) | Buy | Buy | Buy | |
Aggregate | ⇗ | ⇒ | ⇒ |
The gold price appreciated 0.21% since Thursday's trading session. The XAU/USD was located between the SMAs at the 1,201 mark on Friday morning.
In regards to the near future, the yellow metal will surge upwards due to a psychological barrier of the 1,200 mark and support of the 55-hour simple moving average and the 100-hour simple moving average, which should push the rate to the 1,206.00 level during today's trading session.
Note, that the 200-hour simple moving average at the 1,202.00 level might stop the rate and push gold back to the monthly PP at the 1,195.60 mark.