| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 48% | -1.4% |
| Shorts | 53% | 52% | 1.2% |
| 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) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
During Friday, the XAU/USD exchange rate traded sideways at the 1,492.00 level. During today's morning, the rate was trying to surpass the resistance level formed by the 200-hour SMA at 1,493.26.
If the given resistance holds, it is likely that yellow metal could continue to consolidate against the US Dollar in the nearest future. It is unlikely, that the rate could trade downwards due to the support provided by the 55– and 100-hour SMAs at 1,490.00.
However, if the given resistance level does not hold, it is likely that gold could extend gains against the Greenback. In this case the commodity price could reach the monthly PP at 1,498.29.