Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2639 per ounce, trading appears in a bearish trend as the price of gold is trading under most of the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a negative trend
Accordingly, in the event of a sale, we will wait for a drop to a price of $ 2634 per ounce, and target the $ 2628 per ounce area to reap profits, with the $ 2648 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2648 per ounce buy zone is broken, the price may head to the $2652 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2649
- First resistance: 2644
- Pivot level: 2639
- First support: 2634
- Second support: 2629
