Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2735 per ounce, trading appears at the beginning of an upward 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 the beginning of a positive trend
Accordingly, in the case of buying, we will wait for the rise to a price of $ 2741 per ounce, and target the $ 2750 per ounce area to reap profits, with the $ 2724 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2724 per ounce is broken, the price may head to the $2716 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2747
- First resistance: 2741
- Pivot level: 2736
- First support: 2730
- Second support: 2725
