| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 42% | 42% | -0.8% |
| Shorts | 58% | 58% | 0.5% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇓ | ⇘ | ⇒ |
On Tuesday, the price for gold raised towards the 100-hour SMA, currently located at 1,293.16. On Wednesday morning, the XAU/USD exchange rate tried to surpass the given resistance.
If the given resistance holds, it is likely that the market remains down-oriented. A possible downside target is the psychological level at the 1,285.00 mark.
On the other hand, the price for gold could use the support from the 55-hour SMA and continue to increase. In this case, the rate could reach the monthly PP at 1,299.44.