| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 47% | 48% | -1.0% |
| Shorts | 53% | 52% | 0.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
[ANNOUNCE]The yellow metal plunged by 145 pips or 0.76% against the US Dollar on Tuesday. The decline was stopped by the 55– and 100– hour SMAs during yesterday's trading session.[/ANNOUNCE]
As for the near future, the commodity could continue to edge lower. Bearish traders are likely to pressure the XAU/USD pair towards the 1870.00 during this session.
However, the 55– and 100– hour simple moving averages could still provide support for the exchange rate during the following trading session.