| Positions | Today | Yesterday | % Change | |
| Longs | 48% | 47% | 2.08% | |
| Shorts | 52% | 53% | -1.92% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| Alligator (13; 8; 5) | Neutral | Neutral | Buy | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ⇒ | ⇒ | ⇗ | |
XAU/USD has been diminishing its trading range for the last three sessions. This has left the rate in a triangle-like formation between a channel line and a trend-line.
Gold breached the 55– and 100-hour SMAs and the aforementioned channel early on Wednesday. However, it is unlikely that a surge could follow today, as a strong resistance level is formed by the 200-hour and 55-period (4H) SMAs near 1,220.00. Likewise, technical indicators flash bearish signals for the pair today.
It seems that the 55– and 100-hour SMAs at 1,210.00 could surrender, thus sending the rate lower down to the monthly S1 at 1,202.00.