Gold Technical Analysis XAUUSD The price of gold is trading today at $2614 per ounce, trading appears in a weak upward 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 positive trend
Accordingly, in the case of buying, we will wait for the rise to $2621 per ounce, and target the $2630 per ounce area to reap profits, with the $2604 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2604 per ounce is broken, the price may head to the $2597 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2625
- First Resistance: 2620
- Pivot Level: 2615
- First Support: 2610
- Second Support: 2605
