| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 40% | 39% | 4.5% |
| Shorts | 60% | 61% | -3.1% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
On Tuesday, the yellow metal traded sideways to stay in the range of the 23.60% Fibo and the monthly S2. During Wednesday's morning hours, gold was resisted by the 23.60% Fibonacci retracement level to trade at the 1,286.31 mark.
In regards to the near-term future, most likely, the yellow metal will keep depreciating against the US Dollar towards the monthly S2 at 1,276.65. Besides, the 55-hour simple moving average will resist the rate during the day!
On the other hand, today's US Crude Oil Inventories data release at 15:30 GMT could push gold to appreciate against the US Dollar to 1,290.00 level.