Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2660 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 a negative trend
Accordingly, in the event of a sale, we will wait for a drop to a price of $ 2655 per ounce, and target the $ 2647 per ounce area to reap profits, with the $ 2672 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2672 per ounce is broken, the price may head to the $2677 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2674
- First Resistance: 2667
- Pivot Level: 2661
- First Support: 2655
- Second Support: 2650
