Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2913.95 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 $ 2924.04 per ounce, and target the area of $ 2941.02 per ounce to reap profits, with the area of $ 2890.90 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2890.90 per ounce is broken, the price may head to the $2881.20 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2923.00
- First Resistance: 2919.00
- Pivot Level: 2914.00
- First Support: 2910.00
- Second Support: 2905.00
