| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 49% | 48% | 2.7% |
| Shorts | 51% | 52% | -2.6% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇒ |
Yesterday, the XAU/USD exchange rate declined to the 1,484.00 level. During Tuesday morning, the rate was testing the upper boundary of the medium-term descending channel at 1,488.00.
From a theoretical point of view, it is likely that some downside potential could prevail in the market. In this case the price for gold could target the 1,480.00/1,482.00 range.
It is unlikely that a breakout north from the given channel could occur, as yellow metal is also pressured by the 55-, 100- and 200-hour moving averages in the 1,488.86/1,491.20 area.