Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2889.67 per ounce, trading appears in a weak downward trend as the price of gold is trading above most of the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a positive trend
Accordingly, in the case of buying, we will wait for the rise to a price of $ 2898.99 per ounce, and target the area of $ 2911.93 per ounce to reap profits, with the area of $ 2871.48 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2871.48 per ounce is broken, the price may head to the area of $2862.58 per ounce.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2894.55
- First Resistance: 2892.12
- Pivot Level: 2889.85
- First Support: 2887.26
- Second Support: 2885.44
