Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2519 per ounce, trading appears in a weak downward trend as the price of gold is trading above the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a positive trend
Based on that, we can look to buy from the rise to a price of $ 2523 per ounce, and target the $ 2529 per ounce area to reap profits, with the $ 2512 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2512 per ounce is broken, the price may head to the $2508 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2520.44
- First Resistance: 2519.85
- Pivot Level: 2519.44
- First Support: 2518.81
- Second Support: 2518.10
