Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2896.84 per ounce, trading appears in a weak downward trend as the price of gold is trading below most of the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a weak negative trend
Accordingly, in the event of a sale, we will wait for a drop to a price of $ 2890.39 per ounce, and target the $ 2880.33 per ounce area to reap profits, with the $ 2908.01 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the buying zone of $2908.01 per ounce is broken, the price may head to the $2915.97 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2910.20
- First Resistance: 2905.11
- Pivot Level: 2897.10
- First Support: 2892.22
- Second Support: 2887.23
