| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 58% | 3.6% |
| Shorts | 40% | 42% | -5.3% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Yesterday, the XAU/USD exchange rate traded sideways in the 1,930.00 area. During Tuesday morning, the rate was trading at 1,920.00.
It is likely that some downside potential could prevail in the market, as yellow metal is pressured by the 55-, 100– and 200-hour moving averages in the 1,930.00/1,950 area.
On the other hand, it is likely that the price for gold could continue to consolidate as the exchange rate could try to exceed the given resistance area within the following trading session.