Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2717 per ounce, trading appears at the beginning of a 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 the end of the positive trend and the beginning of the negative trend
Accordingly, in the event of a sale, we will wait for a drop to a price of $ 2710 per ounce, and target the $ 2701 per ounce area to reap profits, with the $ 2727 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2727 per ounce buy zone is broken, the price may head to the $2734 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2727
- First Resistance: 2722
- Pivot Level: 2717
- First Support: 2712
- Second Support: 2707
