Positions | Today | Yesterday | % Change | |
Longs | 46% | 45% | 2.17% | |
Shorts | 54% | 55% | -1.85% | |
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) | Buy | Sell | Buy | |
Aggregate | ⇒ | ⇒ | ⇗ |
On Friday morning, the yellow metal was trading between the 200-hour and the 55-hour simple moving averages at the 1,283.19 mark.
In regards to the near-term future, most likely, the 200-hour simple moving average will retrace the gold to the 1,276.00 level.
On the other side, the 55-hour and the 100-hour simple moving averages could support the rate to break the resistance of the 200-hour SMA to the 23.60% Fibonacci retracement level at the 1,291.57 mark.