Gold Technical Analysis XAUUSD: The price of gold is trading today at a price of $ 2639 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 $ 2633 per ounce, and target the $ 2625 per ounce area to reap profits, with the $ 2649 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2649 buy zone is broken, the price may head to the $2655 zone.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2650
- First Resistance: 2645
- Pivot Level: 2640
- First Support: 2635
- Second Support: 2630
