| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 57% | 62% | -9.1% |
| Shorts | 43% | 38% | 12.0% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
Since Tuesday, the XAU/USD exchange rate has been trading below the resistance provided by the 55-hour SMA near 1,883.00.
If the predetermined resistance holds, it is likely that some downside potential could prevail in the market. The price for gold could target the 1,835.00/1,845.00 range.
Meanwhile, note that yellow metal could gain support from the 200-hour SMA and the Fibo 23.60% near 1,860.00. If the given support holds, gold could trade sideways against the US Dollar.