| Positions | Today | Yesterday | % Change | |
| Longs | 74% | 73% | 1.35% | |
| Shorts | 26% | 27% | -3.85% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
| Alligator (13; 8; 5) | Neutral | Buy | Sell | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇒ | |
During Tuesday's trading session, the yellow metal was supported by the 200-hour simple moving average to end the trading day at the 1,230.28 mark. On Wednesday morning, the gold was supported by the 55-hour and the 100-hour simple moving averages to trade at the 1,231.93 mark.
In regards to the near-term future, most likely, the gold will keep trading sideways to trade at the 1,235.00 level during the day. The 200-hour simple moving average should support the rate from a decline during Wednesday's trading session.
However, the yellow metal could depreciate during today's US Crude Oil Inventories data release at 15:30 GMT to trade at the 1,225.00 level.