| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 38% | 39% | -2.7% |
| Shorts | 62% | 61% | 1.7% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇗ |
Yesterday, the XAU/USD exchange rate tested the lower boundary of the falling wedge pattern located circa 1,270,00.
From a theoretical point of view, the rate should reverse north and try to surpass the resistance level formed by a combination of the 55– and 100-hour SMAs, as well the monthly S1 and the Fibonacci 38.20% at 1,273.68.
If the given pattern does not hold, a breakout south might occur in the nearest future. It is likely, that the price for gold could target the psychological level at 1,265.00 mark.