Gold Technical analysis XAUUSD


European session, date: 06/26/2024

Introduction and overview

In this technical analysis, we will examine gold’s performance by reviewing key price trends, important technical levels, and current trading patterns. We will use a set of technical tools and indicators to provide a comprehensive and in-depth view of the movement of gold in the market. Gold is currently trading at the level of $2315. Prices are trading below most of the moving average crossings, indicating strength in the downtrend. The MACD indicator shows the end of the negative trend.

Gold technical analysis

Trading strategies based on Buy/Sell levels

XAUUSD In case of buying           in case of selling
Entry point 2319                   2311
Target Point 1 (TP1) First resistance: 2324 First support: 2306
Target Point 2 (TP2) Second resistance: 2329 Second support: 2301
Stop Loss (SL) 2311 2330



These strategies are based on determining the price’s location relative to support and resistance levels, and suggest the best ways to profit from price movements based on these indicators. Traders should carefully monitor these levels to identify optimal opportunities to enter and exit the market, while adhering to appropriate risk management strategies to protect their investments.

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