Positions | Today | Yesterday | % Change | |
Longs | 72% | 72% | 0.00% | |
Shorts | 28% | 28% | 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) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇘ | ⇒ |
The yellow metal's price increased volatility during the Federal Funds rate announcements and the following Federal Reserve's press conference. During that volatility it reached downwards and almost touched the 1,190.00 level.
In regards to the near term future, the three simple moving averages that surround the psychological level of 1,200.00 are set to move lower and push the commodity price through the support of a pivot point that has kept the price higher for more than a week at 1,195.60.
On the other hand, the SMAs might fail and then the metal will jump above the 1,210.00 mark.