Positions | Today | Yesterday | % Change | |
Longs | 45% | 44% | 2.22% | |
Shorts | 55% | 56% | -1.82% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Sell | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
On Thursday morning, the yellow metal was trading below the 55-hour and the 100-hour simple moving averages at the 1,280.06 mark.
In regards to the near term future, most likely, the 200-hour simple moving average will continue retracing the rate to the 1,274.00 level. It is expected, that the gold will reach the monthly pivot point at 1,262.88 in a couple of trading sessions.
On the other hand, any fundamental news could push the yellow metal to appreciate against the US Dollar to stay at the 1,280.00 level!